Colorado Real Estate Agents

What The Purchasers’ Position

November 28th, 2008

What The Purchasers’ Position
What the purchasers’ position is - either In Rented, SSTC (Sold Subject to contract) or Cash Buyer. The purchase price (written in figures and words) and anything that has been included in the sale - i.e. washing machine, curtains etc.

The Memorandum of Sale is then sent out to all parties (Vendor, Purchasers and both Solicitors) by the Estate Agent.

Once Solicitors have been instructed the Estate Agents will monitor the progression of the sale, liaising closely with the Solicitors, Mortgage Company/Financial Advisors and of course the Vendor and Purchaser.

This is where the use of an Estate Agent is quite valuable as they have the experience of dealing with these professionals on a daily basis and are knowledgeable in the type of questions to ask so that they can ascertain how the sale is progressing.

They are also able to act as an intermediary between Vendor & Purchaser, therefore relieving any unnecessary tension between the two parties. House moving is notoriously a stressful time, so things can get a little tense at times!! The Estate Agent should be used to this and by monitoring things closely (know as ‘Chain Chasing’ or ‘Sales Progression’) will be able to alleviate any anxieties.


























































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