Verify the offer Is on a standard NWMLS contract to prevent deceptive terms.
Check if “and/or assigns” appears by the buyer’s name. It may signal they’re not a direct buyer and could cancel if they can’t find a buyer.
Request proof of funds from the buyer to ensure the buyer has the money to purchase your home.
Insist on earnest money deposits (1-2% Of Price), do not accept a promissory note.
Keep inspections to 5 days or less. After buyer approves inspection earnest money should be non-refundable and sent to you.
Set a firm closing date with no auto-extensions. For extensions, demand additional non-refundable earnest money disbursed to you.
Never sign a Novation Agreement – Don’t give the right to a real estate wholesaler to list your property with a realtor. We advise against this and to just list directly with a licensed Realtor if you want your property listed for sale to the general public.
Be aware of predatory contracts – If someone is trying to buy your home via a phone call where they have not seen your property in person. Oftentimes, these companies try to pressure you to sign a contract with them on the phone. This process should be hassle and pressure-free. You should be able to receive a copy of the contract and have time to review it or have a licensed professional review it on your behalf before making a decision.
Before you sign anything, contact us, and we will review the contract with you!
Our licensed agent team will review any contract for you at no charge.
We are A+ Rated with the BBB and have over 50 five star Google reviews. Why not get a cash offer from us before locking yourself into an agreement with a Tacoma real estate agent. You have nothing to lose!
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