A real estate agents’ job is to represent your best interest through every step of the buying process. Your agent should have a good understanding of the market and listen to your needs. They should be an expert in searching for the best home for you, transaction forms, and finance options as well as have an understanding of technology and how the use of technology can help you find a home.

Purchase and sale agreement

The purchase and sale agreement is a legal contract that the buyer and seller enter into after an offer has been submitted on a property. The purchase and sale agreement usually consists of earnest money receipt, financing addendum, inspection addendum, conditions / disclosure addendum, contingency addendum (when appropriate), special conditions addendum, lead based paint notification (when appropriate), and sometimes an agency or property disclosure form.

Home inspections

Usually once a purchase and sale agreement is accepted the offer is contigent on a home inspection. An inspector will check places such as roof, basement, heating system, water heater, structural, and plumbing. The inspector will provide a report on the condition of a home and then buyers will have a chance to negotiate with the sellers to cover costs of certain repairs or to ask for concessions.

Negotiating who pays what

Negotiating is key in any real estate transaction whether you are the buyer or the seller. Negotiations typically involve everything from price concessions to financing. Windermere Real Estate agents are expert negotiators that will represent your interest well during the give and take of a real estate transaction.


It is a good idea to get pre-approved, however, as you move closer to achieving the actual purchase price you will be working more in-depth with your lender on final loan approval. Your mortgage consultant will be helping you work with the lender and choose the best loan option for you. After you have a purchase and sale agreement you can lock-in your interest rate. Once the loan has been processed, it will be prepared for closing and the final step is an appointment to sign all the papers.

Title Insurance and Escrow

You will receive a full report detailing the property history for you and your lender to insure there are no legal encumbrances between a new owner and the property being purchased.

Once the offer is accepted and a closing date is agreed upon, escrow allows the buyer and seller to have an outside party review and ensure all parts of the contractual documents are complete. Windermere agents assist with coordination of all necessary forms to the escrow company and monitor the escrow process until the transaction is complete.


At this time, you will receive a settlement statement outlining any fees which may apply to you, all the paperwork is signed by the buyer and seller, both parties pay any outstanding fees and documents are officially recorded. After closing is complete the home is yours!