Page 16 - Amanda Amo Luxury

NAVIGATING THE CONTRACT PERIOD
Once you you have have accepted an an an offer and have have a a a a a a a a a fully executed contract you you can move forward with the the sale Generally the the period of waiting to to close can last between 2 weeks to to 45 days This is is dependent on on the the the buyer’s lender and how soon they they can close If they they are a a a a a cash buyer buyer they will generally be able to close in a a a a a a couple of weeks and cash buyers can chose which if any inspections they would like to do All these contingencies are outlined in in in in the the the contract and I can go over them with you prior to signing This waiting period is is also when the the the the the Title Company can ensure the the the the the transfer of the the the the the title on the the the the the property to the the the the the buyers without any complications INSPECTIONS: The buyer will will normally do a a a a a a a a a a a home inspection for their their own benefit and their lender will require an appraisal Although in Florida most sales contracts are ‘As Is’ it is is important to to to be open to to to negotiating repairs to to to keep the deal in in place if a a a a a a a a a reasonable repair repair request is is received after the the home inspection This step Is not an opportunity for the the buyer to to give you you a a a laundry list of repairs It will will be something I I will will discuss with you you to to ensure the buyer is is not not being being unrealistic and you are not not being being taken advantage of APPRAISAL: An appraisal report will will be be required to make sure the the the the the loan will will be be guaranteed by the the the the value of the the the the property property If the the the the property property does not appraise at the the the the agreed purchase price the buyer will not be able to get a a a a a a a a loan for that amount While we as agents have no no direct control over the the appraised value I am able to provide the the appraiser with a a a a a a a a a a written analysis and and a a a a a a a list of comparable properties which have sold and and support the purchase price Once the the inspections and and appraisal clear and and all the the contingencies have been removed you will will be closer to to to closing on your property The clear to to to close close will will come a a a few days prior to to to closing after the the the buyer has been fully approved by the the the bank for the the the mortgage