SellingAHome-JenniferChristenot
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7.) Do I have to tell all buyers about other offers I’ve received<br />
on my home?<br />
States don’t usually place laws on whether you tell potential<br />
buyers about other offers you’ve received on your home, but<br />
it can often be advantageous for you to do so. Telling other<br />
buyers that you’ve received offers on your home can place a<br />
bit of pressure on them to make an offer or not, and it can also<br />
make your home seem more desirable when people know that<br />
it’s already garnered interest.<br />
However, never think that you have to disclose the terms of<br />
any other offers you’ve received, because you don’t. If you<br />
want to disclose the amount you’ve been offered in order to<br />
increase the bid you can, but in order to respect the privacy of<br />
all parties, never disclose anything like the name of the other<br />
buyer or any information pertaining to that person. You also<br />
don’t need to disclose other terms of the offer, including any<br />
clauses, inclusions, or exclusions that are included.<br />
8.) What are contingency clauses and what are the most<br />
common clauses included in offers?<br />
Contingency clauses are clauses that buyers will include in<br />
their offers to protect them from unforeseen circumstances<br />
that may crop up during the process of the sale. By including<br />
contingency clauses, the buyer can express their sincere<br />
interest in buying the home simply based on one or two quick<br />
viewings. From the time the offer is submitted to the closing<br />
date, a number of things can occur, problems can be found<br />
SELLING A HOME FAQ’S AND SAQ’S | JENNIFER CHRISTENOT<br />
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