Acceptance Of An Offer

Negotiating The Right Way.

Mike takes the ethical responsibility of negotiating contractual terms based upon the buyer’s direction very seriously. It is his position to find a win-win agreement that is beneficial to keeping your best interests in mind.

The Written Contract and Deposit.

A Real Estate Contract is a legal document between a potential purchaser and the property seller. After the buyers and sellers have executed the real estate contract, the buyers will deposit their agreed upon initial deposit as directed in the real estate contract. In Florida, this deposit is called an Escrow Deposit and is typically deposited with a title company. It is very important to retain all transaction documents in either a paper form or digital file for future reference, if necessary.

The Closing Agent.

Either a title company or an attorney will be selected as the closing agent whose job it is to examine and ensure clear title to real estate. After researching the complete recorded history of your property, they will certify that 1) your title is free and clear of encumbrances (e.g. Mortgages, leases, restrictions or liens) by the date of closing; and 2) all new encumbrances are duly included in the title.

You may wish to consult an attorney, tax advisor or estate planner to determine the best way to hold title. Different methods of holding title have different legal, estate and tax implications, especially when selling or upon death of the title holder.

Stick to the Schedule.

Now that you have executed your contract to purchase, you will be given a timeline to mark every stage in the process of closing the real estate transaction. Meeting the timeline requirements in the real estate contract ensures a smoother flow and keeps the buyers compliant with the terms and conditions, so there is not a breach of the real estate contract. During the process, Mike will keep you constantly updated so you will always be prepared for the next step.