2. Ask how the buyer will evaluate it
A buyer may need a walkthrough, records, estimates, or other due diligence before final terms are clear. Ask what the evaluation includes, who will enter the property, whether the proposal can change, and which conditions allow either party to cancel.
3. Review a written proposal
If a proposal is made, read the purchase price together with deposits, contingencies, assignment language, closing costs, title requirements, deadlines, possession, personal property, and remedies. An offer is a buyer's proposal; it is not the same thing as an independent appraisal or a guaranteed net amount.
4. Verify the closing plan
Ask for the title or closing provider, the expected source of funds, the documents that remain outstanding, and the parties responsible for payoff and scheduling. Confirm wire instructions through a known channel and ask the closing professional for an estimated settlement statement before signing when available.
5. Decide without treating inquiry as commitment
Starting a conversation does not require you to accept an offer. Compare the written proposal with a listing discussion, an as-is listing, or another qualified buyer if those alternatives fit your situation. Timing depends on the contract, title, property, financing if any, and third parties; no universal closing date is promised here.
This material is general education. Contract, legal, tax, title, probate, foreclosure, tenant, insurance, safety, and property-condition questions may require qualified professional advice.
