Information Phase
Home Buyers: Research and evaluate needs and then choose the sources to fill them. Find and tour the available inventory of homes for sale.
Home Sellers: Valuate property and arrange to advertise home to qualified buyers.
Negotiating Phase
Participating players in the transaction negotiate the terms of the deal.
Execute & Monitor Phase
The transaction is executed with money and goods being exchanged according to the conditions previously stipulated. Monitoring accompanies to close the deal.
Thursday, July 27, 2006
Basic Steps of a Real Estate Transaction
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