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Step 5: NEGOTIATE THE CONTRACT
If the offer is accepted, you and the seller are under contract and the earnest money is deposited into an escrow account.
However, your offer may not be accepted as is, even if it is full price. Other factors come into play (closing date, contingencies, earnest money, etc.) and the seller may want to make some changes. This is done through a counterproposal.
If a counterproposal is issued, we will review it and determine if it is in your best interest to accept. If so, you will then be under contract and the earnest money will be deposited.
If not, we will probably do some verbal negotiating to see if we can come to an agreement, then draft another new agreement or request a new counterproposal. Once all parties agree to the counterproposal, you are under contract!
Time to celebrate! Once we complete this step, we have gotten past one of the most important stages in the process.
As always, let me know if you have any questions on this or any other step!
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