How to Handle Multiple Offers When Selling Your Home from Katheryn Hohlfeld's blog

If a seller receives an offer they discover acceptable; they are under no commitment to wait to see if other bidders will come in greater before accepting the offer. When you deal with numerous offers when selling your home, having a representative on your side is necessary. When making an offer, purchasers frequently include a set of conditions that, if satisfied, would enable them to back out of the offer. Some deals, like loans backed by the government from FHA, VA, and USDA, can take up to 60 days because the purchaser needs to show more documents. The lending institution sends the purchaser a closing disclosure three days before closing, which he needs to review in conjunction with the loan quote he received earlier. If a seller gets an offer they discover acceptable; they are under no commitment to wait to see if other bidders will come in greater before accepting the offer. When you deal with numerous deals when offering your house, having an agent on your side is essential. The Earnest Money Deposit (EMD) is the amount of money the purchaser is prepared to pay at the time the sales contract is signed to show that he or she is severe about buying your house. When making an offer, purchasers regularly include a set of conditions that, if fulfilled, would permit them to back out of the deal. Some deals, like loans backed by the government from FHA, VA, and USDA, can take up to 60 days since the purchaser requires to show more documentation.

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