Who handles the paperwork once an offer is made?

At Houzeo, the extent of service provided by the real estate broker or agent can vary, especially concerning handling paperwork after an offer is made.

Here’s how it generally works depending on the level of service:

1. Limited Service Listings (Bronze/Silver Plan): In these plans, the agent or broker provides minimal services which typically include listing the property on the Multiple Listing Service (MLS). In such cases, after an offer is received, the seller is responsible for handling the majority of the paperwork themselves. This includes managing offer negotiations, preparing and reviewing the purchase agreement, handling counteroffers, and ensuring all legal requirements are met.

2. Enhanced Flat Fee Services (Gold Plan): In this plan, the broker provides comprehensive services that include assistance with paperwork after an offer is made. They might help prepare the purchase agreement, assist with negotiations, and ensure that all necessary disclosures and legal documents are correctly handled.

3. Full-Service Flat Fee Listings (Platinum Plan): In this plan, the broker provides full-service akin to what traditional commission-based agents offer. This includes complete handling of all paperwork, negotiations, closing processes, and legal compliance. The agent assists from the moment the listing is made until the deal is closed.

The handling of paper work depends on the type of plan that you choose, worry not, you can always upgrade you plan without any additional charges, simply visit the Houzeo Dashboard and click on upgrades.

Upgrading to Silver/Gold/Platinum is free, but includes closing charges, 0.5% for Silver/Gold and 1% for Platinum, minimum $999.

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