Receiving an Offer

   Once a buyer decides they would like to buy your house, an offer will be presented. The Somerset Alliance L.L.C. will review the written document with you taking care to note what needs to be done by both parties to execute the transaction. The contract should protect the best interests of all parties involved and should be comprehensive in nature. Once you accept the offer, it will be too late to make any changes. The offer, though not limited to this list, should include the following:

      1. A legal description of the property
      2. The offering price
      3. The down payment
      4. Financing arrangements
      5. A list of fees and who will pay them
      6. Amount of the deposit
      7. Inspection rights and possible repair allowances
      8. The method of conveying the ti! tle and who will handle the closing
      9. A list of appliances and furnishings which will stay with the home
      10. The settlement date
      11. Any relevant contingencies

   Remember that the legalities of this phase are very important. If you have any questions or concerns, they need to be addressed right away.

   The Somerset Alliance L.L.C. will make sure that all offers are presented to you.

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