Accepting an Offer

The Price Is Not Always Right

The highest offer is not always the best offer. The initial proposal is rarely final, and there are a number of terms and conditions that can significantly influence the outcome. You can trust the team at J2 Group LLC to help you navigate every proposal with a clear head, sharp negotiating skills, and a focus on securing the best deal from the most qualified buyer.

Negotiating With Integrity

We take the responsibility of negotiating contracts seriously and ethically. We put our clients first when evaluating every offer, helping you make the right decision while keeping the buyer engaged and the deal moving forward.

The Initial Agreement and Deposit

Once you and the buyer have come to an agreement, both parties will sign the initial contract, known as the Purchase Agreement, and the buyer will place a deposit into the escrow account. An escrow or closing agent, either a title company or an attorney, acts as the neutral third party responsible for holding, receiving, and distributing all funds associated with your sale until the closing date.

Laws vary across states, but in order for an agreement to be legally binding, the agreement may require considerations. Considerations are deposits from the buyer held in the escrow account pending the fulfillment of contingencies or conditions in the Purchase Agreement.

Some important tips to keep in mind to streamline the process even further:

• Keep written records of everything. Counter-offers, verbal agreements, and addendums should all be documented. Make sure both parties sign these written records. We will help draft all written materials and provide copies for both parties to keep.
• Stay on schedule. You and the buyer will be given a timeline to complete all contingencies outlined in the Purchase Agreement. Meeting requirements on time ensures a smooth and productive negotiation period. Staying on schedule protects both parties from being in breach of their contract agreements. We will keep you informed at every step and prepare you for what is coming next.