What You Should Know
It is a common misconception that when a vendor accepts an offer, their property is sold. On the other hand, it is also a common misconception that when a purchaser's offer has been accepted, they have bought the property. In both cases, there is no legal commitment unless contracts for sale are actually exchanged. As agent's, it is our job to ensure that both parties are fully aware of the sales process, so following is a general breakdown of the steps that will be taken from listing to the official sale/settlement of your property.