Kathy@TeamRukat.com
    (843) 267-2710

Kathy Rukat Smith, REALTORⓇ

Palmetto Coastal Homes

  • Murrells Inlet
  • Garden City Beach
  • Surfside Beach
  • Myrtle Beach
  • 55+ Communities
  • About
    • Client Reviews
  • Contact
  • Newsletter

Receiving, Reviewing and Accepting an Offer

Receiving, Reviewing and Accepting an Offer on Your Home

Your house is on the market and you receive an offer. YAY!!! But what happens now?? Today I am going to talk about receiving, reviewing and accepting an offer on your home.

Receiving Offers

You may receive one or more offers on your home. Each offer will have the buyers’ terms and an expiration of offer date. You have to respond to the offer by the expiration date and time. Any terms in the contract can be negotiated and countered. 

Should you receive multiple offers, have a few options. You can accept one of the offers right away, negotiate one of the offers or reject all offers and ask for the buyers’ highest and best offers. If you choose to ask for buyers’ highest and best offers, you will need to sign a multiple offer form and I will notify the buyers’ agent of the deadline for offers. 

Reviewing Offers

When you do receive an offer, you need to look at all the terms the buyer offer and see if those terms are acceptable or you would like to counter. I will update your estimated net sheet so you can see your estimated bottom line numbers based on the specific offer. 

Multiple offers can get a little more tricky. Each buyer is going to offer different terms and it can be hard to keep everything straight in your head. How do you decide which offer is better? What if you get a cash offer but the price offered is lower than a financed offer? You also need to consider any contingencies the buyer may have on their offer. To make things a little easier, I put together a spreadsheet with the details of each offer. This way, you can compare all offers side-by-side. 

Accepting an Offer

Once you accept an offer, you will sign the offer and I will send the signed offer back to the buyers’ agent. You are officially under contract when the offer is signed by all parties. It’s important to note that South Carolina does not have attorney review. In a previous episode, I talked about how South Carolina does have attorney review and more specifics. 

The ball starts rolling once the contract is signed. The contract will be sent to the attorneys so they can start doing their work, the lender (if there is a lender involved) gets a copy of the contract to start the financing process and inspections are ordered. 




Newsletter

My weekly email newsletter goes out on Saturdays. Information will include local market reports, real estate tips and videos, new listings of mine and my office, local business highlights, Grand Strand events and inspirational quotes.

Sign Up for the Newsletter

Other articles you might like...

Three Stress Factors When Your Home is Listed for Sale

Last Updated on August 27, 2023 by Kathy Rukat Smith The “what ifs” when you are listing your home for […]

Picture of the ocean at sunrise. Overlaid on the image is the title "4 tips to stay safe while your home is listed for sale"

4 Tips to Stay Safe While Your Home is Listed For Sale

Last Updated on September 7, 2023 by Kathy Rukat Smith When you have your home for sale, strangers will be […]

4 Phases of Selling a Home

Last Updated on March 29, 2022 by Kathy Rukat Smith Selling a home comes with many steps and it can […]

Posted in: Thursday Tidbits, Thursday Tidbits 2022 Tagged: accepting an offer, home sellers, receiving an offer, reviewing an offer, selling a home

Post navigation

« Due Diligence from the Buyers’ Perspective
Due Diligence from the Sellers’ Perspective »

About

Kathy Rukat Smith with Palmetto Coastal Homes serves all the areas of the Grand Strand.

  • North Myrtle Beach
  • Myrtle Beach
  • Surfside Beach
  • Garden City Beach
  • Murrells Inlet
  • Litchfield Beach
  • Pawleys Island
  • Carolina Forest
  • Conway

 

Kathy Rukat Smith is a resident of Murrells Inlet and loves everything living at the beach has to offer. She has been selling real estate since 2004.

Kathy uses her local real estate knowledge, technical skills, local connections and strong internet presence to exceed your exceptions and help you succeed in the fast-paced Myrtle Beach real estate market.

Reviews

Read All Reviews

Contact

Kathy Rukat Smith with

Palmetto Coastal Homes

5400 Elba Way, Myrtle Beach, SC 29579

(843) 267-2710
Kathy@TeamRukat.com
© 2023 · Equity Framework
Kathy Rukat Smith with Palmetto Coastal Homes. All Rights Reserved. Privacy Policy.
Log in