Offers on Your Investment Property
- How It Works: All offers come through your agent, who must inform you. You’re not obligated to accept any offer.
- Evaluate the Offer: Your agent will advise if the offer reflects fair value. They’ll confirm your decision (accept or reject) in writing to the bidder.
- Before Accepting:
- Request proof of the buyer’s investment mortgage or funding to ensure they can complete the transaction.
- Next Steps: If you accept, a draft Sale Agreement will be prepared for review. A lockout agreement may also be considered (see “Exchange of Contracts and Completion When Selling an Investment Property”).
- Location Matters: A well-located property should attract demand, even in tough economic conditions.
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Disclaimer
The Content above is for guidance purpose only. While we make every effort to keep the information current and correct, we do not make representations of any kind. Professional advice should be sought, before entering into any legal contract and purchasing a property.