HOME s BUYER INFO. s SELLER INFO. s PROPERTY SEARCH s FEATURED PROPERTIES s EMAIL ME

Leslie D Wilson
281-804-2291
 Leslie@LeslieDWilson.com

 Luxury Homes

 Luxury High Rise

 Luxury Lease

 High Rise Finder

 Lofts

 Golf Course Homes

 Bellaire Luxury Real Estate

 Galveston Real Estate

 The Woodlands Real Estate

 Kingwood Real Estate

 Humble Real Estate

 Cy-Fair Real Estate

 Spring Real Estate

 Klein ISD Real Estate

 Central Houston

 Central North Houston

 Near North Houston

 North Houston

Zip Code>



Buyer Resources

 Types Of Mortgages

Calculators

 Mortgage Calculator

 How much can I afford?

 How much income do I need?

 APPLY ONLINE


Dallas Real Estate

 Realtor WebsiteSelling Your Home

Step 5: The offer

When a buyer makes an offer on your home, your REALTOR® will contact you promptly. The REALTOR® will scrutinize the document, review it with you carefully, and answer your questions. The written offer lays out all the terms of the proposed transaction--the price the buyer is willing to pay and the financing terms--and becomes a binding contract if you sign it.

The offer may be contingent on the buyer selling a home first or obtaining an inspection. Ask your REALTOR® how these terms affect you and whether the offer is in line with the market. The offer describes the property, states who pays for which closing costs, and specifies dates of closing and possession. Along with making the offer, the buyer may place some earnest money with the escrow agent as a sign of good faith. The earnest money will be kept in an escrow account and applied to the buyer's down payment or closing costs when the sale closes.

Your Options
In reviewing the offer, you have three options: accept, reject, or make a counteroffer. A counteroffer is a rejection of a buyer's offer with a simultaneous offer from you to the buyer. Carefully review the figures compiled earlier to determine your net proceeds--closing costs may be quite different from earlier calculations. Discuss the possibilities with your REALTOR®, your attorney, and a tax adviser.

Seller's Disclosure
In most residential sales, Texas law requires that the seller deliver a seller's disclosure notice to the buyer on or before the effective date of purchase. This document provides important information about the seller's knowledge of the condition of the property. Complete the notice to the best of your knowledge and belief. Your REALTOR® will most likely ask that you complete the notice at the time the listing is first taken. Copies of the completed notice will be made available to those looking at your property.

Lead-Based Paint Disclosure
If your property was built before 1978, federal law requires that before a buyer is obligated under a contract to buy the property, the seller shall: 1) provide the buyer with a lead hazard information pamphlet (as prescribed by EPA); 2) disclose the presence of any known lead-based paint or hazard; 3) provide the buyer with a lead hazard evaluation report or records available to the seller; and 4) permit the buyer to conduct a risk assessment or inspection for the presence of lead-based paint or hazards. A contract for the sale of property built before 1978 must contain a statutorily prescribed Lead Warning Statement to the buyer. Your REALTOR® will provide you with the forms necessary to comply with the law and will suggest procedures to follow in order to comply.

Accepting The Offer
Once you and the buyer agree on terms and sign the contract, the buyer will generally have to find a lender and apply for a loan. Your REALTOR® may monitor the loan process, which could last several weeks. During this time, your REALTOR® will also be busy coordinating other arrangements to prepare for the final sale.

Title Search
As part of the process, the title company may order a survey of your property and research the title to your home, making sure the chain of title is clear. Clearing the title may require paying off liens--that is, any monetary claims against your property. Examples are: mechanic's liens, unpaid state and federal tax liens, court judgments, and probate considerations (if a co-owner has died). The product of the title search can be in the form of title insurance, abstract of title, or certificate of title, depending on what is commonly used in your area.

Inspection and Repairs
If the buyer requires it, your REALTOR® can coordinate an inspection of your home. A buyer may hire an inspector to review many items in the property such as the structural components, mechanical items, electrical systems, and plumbing systems. The inspector will report to the buyer the items that the inspector finds to be in need of repair. Most likely, the buyer will provide a copy of the inspection report to you and may ask you to complete certain repairs. Don’t be surprised if the inspection notes some items in need of repair. An inspector is trained to see items and defects that are not obvious to you and your REALTOR®. No matter how new or well-maintained a home is, an inspector may find some items in need of repair.

Next: Closing The Deal


 

 




 


This information is brought to you by the Texas Association of REALTORS®      
Copyright © 2006

 

 

 

 

 

 

 

 




William Davis Realty - 17732 Preston Rd. #100, Dallas, TX 75252

Leslie Wilson Houston Real Estate Agent, Serving Houston and surrounding cities.

Houston Real Estate, Houston Home Value, Houston Homes and Houston Relocation: Houston Real Estate information, Houston Home Value and Houston homes are available on LeslieDWIlson.com, a site of Houston MLS. We display houses in Houston, Houston homes for sale, Houston open houses, Houston open houses and Houston open house listings, Houston home rentals, Houston home for lease and Houston homes for rent, Houston map search and Houston real estate map, Houston new homes, Houston foreclosed homes, Houston single family homes, Houston town homes, Houston condominiums, Houston lofts, Houston highrises, Houston multifamily homes, and Houston lands. In addition, to find Houston home value, Houston home prices, Houston house value, Houston home worth, Houston house prices, Houston property value, Houston home valuation, Houston property prices, Houston property value, Houston sold homes, Houston sold home prices, Houston real estate value, Houston home sales use Home Value Finder. In addition, we display Houston commercial properties, Houston commercial real estate information, international and world real estate, international listing and properties.

Information on Houston REALTORS® (Houston real estate agents, Houston real estate brokers, Houston real estate firms, and Houston real estate companies) is also provided, along with other real estate specific information such as, Houston house, Houston golf courses, Houston neighborhoods, Houston subdivisions, Houston master planned communities and Houston planned neighborhoods, Houston senior living and Houston senior housing, Houston real estate service providers, Houston real estate events, Houston home builders, Houston master planned communities, and Houston Real Estate Schools. Not only do I   provide housing information on Houston houses, we also provide housing information for Greater Houston and its surrounding areas, such as Sugar Land, Missouri City, Pearland, Bellaire, Katy, Kingwood, Conroe, Clear Lake, Friendswood, League City, The Woodlands, Pasadena, Spring, Humble, Tomball, Cleveland, Lumberton, Beaumont, Sour Lake, Nederland, Bridge City, Baytown, Deer Park, Kemah, Galveston, Texas City, Dickinson, Santa Fe, Alvin, Lake Jackson, Angleton, Manvel, Richmond, Stafford, Cypress, and Bellville.

 Houston master planned communities, Houston planned neighborhoods, Houston community living, Houston community housing, Houston community amenities can be found using Master Planned Community Finder. Master planned communities are from Houston and its surrounding areas, 

Houston Real Estate information, Houston homes,  Houston home value and houston resale homes, real estate 
events are available on HAR.com, a site of Houston MLS. We display Houston homes for sale, Houston home rentals
and homes for rent, Houston map search and Houston real estate map, Houston new homes, Houston foreclosed homes, 
I display Houston commercial properties, and Houston commercial real  estate information. Information on Houston REALTORS® 
(Houston real estate agents, Houston real estate brokers, Houston real estate firms, and Houston real estate companies) is also provided, 
along with other real estate specific information such as, Houston schools, Houston golf courses, Houston neighborhoods,
Houston subdivisions, Houston master planned communities and Houston planned neighborhoods, Houston senior living
and Houston senior housing, Houston real estate service providers, Houston home builders, Houston master planned communities, 
and Houston Real Estate Schools. We also provide housing information for Greater Houston and its surrounding areas, such as
Sugar Land, Missouri City, Pearland, Bellaire, Katy, Kingwood, Conroe, Clear Lake, Friendswood, League City,
The Woodlands, Pasadena, Spring, Humble, Tomball,  Cleveland, Lumberton, Beaumont, Sour Lake, 
Nederland, Bridge City, Baytown, Deer Park, Kemah, Galveston, Texas City, Dickinson, Santa Fe, Alvin, 
Lake Jackson, Angleton, Manvel, Richmond, Stafford, Cypress, and Bellville. 
Serving all clients regardless of race, color, national origin, religion, sex, familial status, handicap, gay, lesbian, bisexual, transgender or 
heterosexual. gay real estate,  Gay Real Estate Agent, Gay Real Estate Agent Houston, Gay Real Estate Agent Texas, Gay Realtor, 
lesbian real estate, gay realtors, lesbian realtors, gay real estate agents, lesbian real estate agents, gay friendly realtors, 
gay friendly real estate agents, Gay Realtor Houston,
gay, lesbian, bisexual, gay real estate services, gay relocation, glbt, gay brokers, gay property, gay homes, gay realtor referrals, homosexual,
gay  homes, gay movers, gay mortgage, gay house.
WILLOWICK FOREST, COLONY CREEK VILLAGE, OAKWOOD GLEN, MOSSY OAKS, NORTHWOOD FARMS, 
WINDROSE, POST WOOD, SPRING CREEK OAKS,
ESTATES AT WINDRUSH, FOREST LAKES, MEMORIAL CHASE, SPRING STUEBNER ESTATES, 
WIMBLEDON PARK, PINELAKES PROMENADE, COUNTRY LAKE ESTATES, CYPRESS FOREST PARK, 
ENCHANTED OAKS, BRADBURY FOREST, CYPRESSDALE, AUGUSTA PINES, DOVE MEADOWS, 
OAKS OF TERRANOVA WEST, BRIDGESTONE RANCH, BENDING BOUGH, CREEKWOOD ACRES, 
PINELAKES OAKMOSS VILLAGE, FOREST NORTH, TERRANOVA WEST, WIMBLEDON, FAIRFAX, 
BAINBRIDGE ESTATES, SPRING MONT, SPRING CREEK FOREST, SPRING PARK VILLAGE, 
VILLAS AT CANDLELIGHT PARK, BRENTWOOD LAKES, FARMETTE MEADOWS, PRESERVE, 
VILLAGES OF GLEANNLOCH FARMS, CYPRESS FOREST, CYPRESS TRAILS OF TIMBERLANE, 
CYPRESS FOREST ESTATES, BRIDGESTONE WEST, CANDLELIGHT HILLS, CYPRESSWOOD PLACE, 
NORTH HILL ESTATES, GLENN HAVEN ESTATES, WIMBLEDON FOREST, GLENLOCH, 
KLEINWOOD, LONDONDERRY, POSTWOOD GREEN, MIRROR LAKE, WIMBLEDON CENTRE, 
DEVONSHIRE WOODS, TERRANOVA, CYPRESSWOOD LAKE, VILLAGES NORTHGATE CROSSING, 
LEXINGTON WOODS NORTH, FAIRFAX VILLAGE, SPRING CREEK FOREST, SPRING LAKES, 
SPRING CREEK OAKS PATIO HOMES, SPRING CROSSING, PARK AT CYPRESSWOOD, 
LYNWOOD ESTATES, THE GARDENS GLEANNLOCH FARMS, WOODS OF NORTHAMPTON, NORMANDY FOREST,
 SPRINGRIDGE, STERLING GATE ESTATES, WIMBLEDON CHAMPIONS GARDEN ESTATES, 
POSTWOOD GLEN, WIMBLEDON CHAMPIONS ESTATES, CHAMPIONS COVE, WOODS OF SPRING CREEK OAKS, 
CYPRESS HOLLOW, WELDON FOREST, WINDROSE WEST, CYPRESSWOOD FOREST, 
COVENTRY, CYPRESSWOOD GLEN, OAKWOOD GLEN WEST, OAKS OF DEVONSHIRE, 
MOSSY OAKS, WINDROSE, EAGELWOOD, NORTHWOOD PINES, NORTH SPRING, MEMORIAL CREEK, 
HAMPTON OAKS, CHAMPION SPRINGS, THICKET AT CYPRESSWOOD, BRIDGESTONE LAKES, 
WILLOWCREEK STABLES ESTATES, STONEGATE COURT, WIMBLEDON CHAMPIONS GARDENS, 
NORTHAMPTON ESTATES, SANDPIPER, NORTHWOOD PARK, FOXHOLLOW WEST, COVINGTON BRIDGE, 
VILLAGES OF SPRING OAKS, MEMORIAL NORTHWEST, TIMBER LANE, ANNOVER FOREST, 
CYPRESSWOOD GREEN, POSTWOOD, WINDROSE, EAGLEWOOD, NORTHAMPTON FOREST, 
PINELAKES PINASTER POINTE, MEMORIAL CREEK ESTATES, CANDLELIGHT PARK ESTATES, 
SPRING, LANDING, MEMORIAL NORTHWEST ESTATES, RHODES LANDING, 
CHAMPION WOODS AT COLONY CREEK, SHANNON FOREST, AUBURN RIDGE,
WIMBLEDON CENTRE COURT ESTATES, CYPRESSWOOD GLEN ESTATES, 
THE LAKE ESTATES GLEANNLOCH FARMS, HANNOVER ESTATES, LOUETTA WOODS, 
WIMBLEDON CHAMPIONS, WOODBRIAR PLACE, HANNOVER VILLAGE, FOX HOLLOW, 
SPRINGBROOK, PARK AT NORTHGATE CROSSING, CYPRESS VILLAS, STONE FOREST, WINDSOR FOREST, 
PINELAKES EAGLE BEND, WINDROSE EAGLE BEND, BRECKENRIDGE FOREST, LOUETTA LAKES, 
SANDPIPER VILLAGE, GREENGATE ACRES, CYPRESSWOOD, BRIDGESTONE, CHAMPION FOREST, 
BIRNAM WOOD, GREENGATE PLACE, GLEANNLOCH FARMS, NORTHAMPTON, LEXINGTON WOODS,
Relocating to Houston Or Surrounding cities, ask me how.