- ACCEPTING AN OFFER -

It's hard to accept an offer. You're never really sure if an offer is the best you will get or if a better offer might be right around the corner.

This is why it's important early on to set the conditions you'd like to sell your home for.

The general consensus is that the first offer is usually the best. Remember, too, that a lower sale prices with fewer conditions may be better than a higher price and more conditions.

It’s okay to reject an offer – and you don’t have to specify why. Most sellers will make a counter-offer instead of making a firm rejection. Send the buyer a counter offer and see how they respond. The back-and-forth can continue as long as you like before a final rejection is made.

ADDITIONAL RESOURCES

• US News Did you receive a good offer?
• The Mortgage Reports How to analyze offers
• The Mortgage Reports Is the highest offer always better?
• US News 8 aspects of a strong purchase contract
• US News 5 times to accept the first offer
• The Balance Purchase Contract (from the buyers perspective)
• Lawyers.com Understand Your Home Purchase Agreement Before You Sign (from the buyers perspective)

ACCEPTING THE OFFER

It's easy to accept an offer on YELLOW. Simply click "Accept" and the offer will get signed digitally by the buyer and then by you.

Now you're under contract. Take a minute to celebrate!

...BUT DON'T GET TOO EXCITED

You're entering the pre-closing period and the real work is just getting started for the buyer.

Your contract is sent to the lender and title company, who will get to work on the mortgage, the title and paperwork, any other inspections, appraisals, and anything else built into your purchase agreement.

Problems can arise and it’s possible there will be renegotiations on things like price, repairs, changes to the closing date, etc. Your work isn't done yet!

Check out the PRE-CLOSING page in the next section for more info on what to expect.