Step 6. ACCEPTING THE OFFER

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Pay close attention to these details

• Contract along with earnest money goes to the title company

• Both buyer and seller have task to carry out according to the contract to bring the transaction to closing

• Seller, has certain amount of days to make full disclosure of anything they might to know to be defective on the property

• Buyer has a certain number of days to review the disclosure. They can rescind their offer or modify it.  If buyer rescinds the offer in a written timely manner their earnest money is returned

• Seller now waits for buyer to carry out their responsibilities according to the contract