How to Accept a Final Offer When Selling a Home

After getting an offer, sign it to accept it.

When you sell your home, you have the option of selling it yourself or hiring someone to represent your interests in the transaction. Many real estate agents, brokers and attorneys have the knowledge and expertise necessary to protect your interests and help you negotiate a fair transaction. Regardless of whether you represent yourself or use an agent, after you receive a fair offer, the next step is to accept a final offer.

Instructions

1. Read the final offer carefully to understand exactly what terms the buyer is including in the offer. The final offer may be an initial offer or you may have countered the initial offer with a counteroffer. In either situation, read the terms of the offer thoroughly to ensure that you understand and accept everything. Standard terms include the sale price, financing, closing date, earnest money, title insurance, inspections, surveys, attorney review, contingencies, final walk-through and a time limit for accepting the offer.

2. Consult a professional if you find any terms or provisions in the offer that you do not understand. A real estate agent or an attorney can probably explain any confusing clauses or language. Ask questions until you have a firm grasp of the entire contract.

3. Sign your full name on the line designating that you as a seller (or co-seller) accept the final offer. Write the date beside your signature. Have the co-seller sign and date the offer also. Make sure you sign and date the offer to accept it before the time limit of the offer expires.

4. Return the signed and accepted offer to the buyer or to the buyer’s agent.

References

• Realtor.com: The Basics of Making an Offer
• Simple Real Estate: Making an Offer