Friday, August 12, 2022
Chuck Marunde, J.D., Broker/Owner 360-775-5424


iRealty Virtual Brokers


Broker/Consultant

Washington State

SUBSCRIBE
Light/Dark Toggle
  • Home
  • Search MLS
    • Sequim MLS
    • Sequim MLS Map Search
    • Port Angeles MLS
    • Port Townsend MLS
    • San Juan Islands MLS
    • All Islands MLS
    • How to Search the Sequim MLS
  • Videos
    • Sequim Videos Q&A
    • Buyer Videos Part 1
    • Buyer Videos Part 2
    • Buyer Videos Part 3
    • Buyer Videos Part 4
    • Living in Sequim Video Channel
  • Books
    • Sequim Real Estate for Buyers (Free eBook Updates Forever)
    • Sequim Real Estate: A Buyer’s Guide (Paperback)
    • Escaping California to The San Juan Islands
      • Menu Below
    • Buying & Selling Real Estate in The Rain Shadow
    • Real Estate From Bricks & Mortar to High Tech Virtuality
    • The Seven Myths of Selling Your Home
    • Buying Your Retirement Home
    • The New World of Marketing for Real Estate Agents
  • Agents
    • Professional Buyer’s Agent
    • Flat Fee Listing Broker
Tetralogy
No Result
View All Result
  • Login
  • Register
  • Home
  • Search MLS
    • Sequim MLS
    • Sequim MLS Map Search
    • Port Angeles MLS
    • Port Townsend MLS
    • San Juan Islands MLS
    • All Islands MLS
    • How to Search the Sequim MLS
  • Videos
    • Sequim Videos Q&A
    • Buyer Videos Part 1
    • Buyer Videos Part 2
    • Buyer Videos Part 3
    • Buyer Videos Part 4
    • Living in Sequim Video Channel
  • Books
    • Sequim Real Estate for Buyers (Free eBook Updates Forever)
    • Sequim Real Estate: A Buyer’s Guide (Paperback)
    • Escaping California to The San Juan Islands
      • Menu Below
    • Buying & Selling Real Estate in The Rain Shadow
    • Real Estate From Bricks & Mortar to High Tech Virtuality
    • The Seven Myths of Selling Your Home
    • Buying Your Retirement Home
    • The New World of Marketing for Real Estate Agents
  • Agents
    • Professional Buyer’s Agent
    • Flat Fee Listing Broker
No Result
View All Result
iRealty Virtual Brokers
No Result
View All Result
Home Sequim Homes For Sale

Thin Ice From Mutual Acceptance to Closing

Chuck Marunde by Chuck Marunde
September 23, 2019
Reading Time: 3 mins read
0 0
0
Mutual Acceptance

Mutual acceptance happens when you and a seller reach a full agreement on the price and all the terms of your purchase. Once you reach mutual acceptance, we step into the important due diligence phase in which you have an opportunity to order a home inspection, a well inspection, a septic inspection, and any other contract inspections needed. It is also in this phase where you get your financing approved, and that is no small challenge lately, even for the eminently qualified buyer. What I want to share today is what to expect during the phase from mutual acceptance to closing. I’ve seen many disputes arise in this phase, and I’ve seen buyers and sellers get very frustrated during this phase. By understanding the process and the issues that concern sellers, a little proactive planning can facilitate all of this for you and substantially reduce your stress, too.

Mutual Acceptance for Buyers

When you reach mutual acceptance with a seller, you begin the emotional process of taking ownership of your new home. You want to go back and spend time there, think about what you might do to make it your home with new carpet or hardwood flooring, and you might also think about changing some of the landscaping. You plan furniture, and you think about the time you will spend in your kitchen, and so on. You begin to feel a sense of ownership, and all this is normal and good. In this process, you will have a home inspection done, and you might have a flooring guy come and give you advice. You may attend the septic inspection, and all of this means you will be back at the house several times between mutual acceptance and closing.

Beyond Mutual Acceptance for Sellers

Herein lies the potential for frustration on the part of the sellers, which could translate into tension in your relationship with the sellers. Your seller may have lived in this home for 20 or 30 years. It may have been where they raised their children and where they also have fond memories of playing with their grandchildren. They have prepared and shared many good meals with loved ones in this home, and they have shared private moments of sadness and laughter in this home. They cannot easily abandon all these emotions, and no one would expect them to. What this means for you as a buyer is that your “intrusions” into their home can unwittingly make them feel violated.

All this means that buyers must tread lightly prior to closing, because it will be easy to offend the sellers who still have not let go of their ownership and control on the emotional level. They feel that this is not your home until it closes, and they are correct about that. This plays out when buyers step over the line, at least the line that sellers feel is a line. If a buyer brings a flooring expert in to look at replacing carpet, he may pull up a tiny corner of carpet somewhere in the house to see what the flooring looks like, and even though he will push that little corner of carpet back down so it is nearly undetectable, sellers may see it and get quite upset. A buyer feels this is his right or that it is no big deal, because he needs to know what carpet to order and what it will require. But a seller may get quite upset.

If you go back to the house several time with your buyer’s agent, your Realtor may not shut all the lights off in every room in the house, and this can upset the sellers. If your Realtor misses one door lock, either on the front door or the back door or a sliding glass door or a garage door, this can be the cause of the sellers getting upset. And watch this. Life has taught me that when there is one mistake, there is often two or three, and now you can have very upset sellers. But on top of this, you can have misunderstandings that are not mistakes, and you can also have a buyer who makes a little mistake, a Realtor who makes a little mistake, and a seller who makes a little mistake. There are a hundred possible little things that can upset sellers. It’s important to tread lightly as a buyer during this phase. We need to respect a seller’s feelings. The truth is, we do walk on thin ice between mutual acceptance and closing. As long as we do it carefully and with respect for the seller’s feelings, and as long as we are careful to not make mistakes, we can get to closing safely.

Last Updated on September 23, 2019 by Chuck Marunde

Tags: Buying a Home
ShareTweet
Chuck Marunde

Chuck Marunde

Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and a dozen real estate books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their buyer's agent, and home owners around the State of Washington seek him out because of his new Flat Fee Listing Service. 

Related Posts

Homes Sold in Sequim
Sequim Homes For Sale

Sequim Homes: Pending and Sold

January 23, 2021
24
The Perfect Home
Sequim Homes For Sale

What if I Lose Out On The Perfect Home?

August 19, 2020
3
Sequim Homes
Sequim Homes For Sale

Sequim Homes Selling Fast and Very Fast

June 28, 2020
4
Home Shortage in Sequim
Sequim Homes For Sale

Home Shortage in Sequim

July 13, 2019
1
Backup Offer
Buyers

Should I Submit a Backup Offer on a Pending Transaction?

March 8, 2019
2
Sequim Homes For Sale

The Sequim Bell Curve: Sequim Homes Hard to Find

June 20, 2018
0
Next Post
Neighbors

How Close to Neighbors Do You Not Want to Be

Real Estate

Real Estate: Seeing the Diamond in the Rough

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

"I wish I read this before selling my
home. I could have saved $50,000." Andy 

Search 2,200 Articles by Category

  • Trending
  • Comments
  • Latest
Buyer and Seller

What if a Buyer and Seller Talk to Each Other?

August 5, 2022
10 Best Places to Retire

Why is Sequim One Of The 10 Best Places To Retire?

September 22, 2019
Prorate Propane

How to Prorate Propane at Closing

August 15, 2015
Terminate a real estate contract

How to Terminate a Real Estate Contract

December 31, 2020
print newspapers

Print Newspapers Losing Readers to the Internet

42
FNMA Killing Transactions by Requiring Private Road Maintenance Agreements

FNMA Killing Transactions by Requiring Private Road Maintenance Agreements

31
Buyer and Seller

What if a Buyer and Seller Talk to Each Other?

26

What Documents Does a Buyer Need to Buy Real Estate?

24
Sequim Real Estate

Massive Upgrades to Sequim Real Estate Blog

August 11, 2022
Subscription to iRealty Virtual Brokers Real Estate Blog

How Do I Subscribe to This Real Estate Blog?

August 11, 2022
Sequim Home

Is Sequim Always Sunny?

August 11, 2022
transformer shortage

Transformer Shortage Stops Building New Homes

August 9, 2022

Subscribe to Chuck 
Marunde's Newsletter

Popular Stories

  • Buyer and Seller

    What if a Buyer and Seller Talk to Each Other?

    0 shares
    Share 0 Tweet 0
  • Why is Sequim One Of The 10 Best Places To Retire?

    0 shares
    Share 0 Tweet 0
  • How to Prorate Propane at Closing

    0 shares
    Share 0 Tweet 0
  • How to Terminate a Real Estate Contract

    0 shares
    Share 0 Tweet 0
  • The Sequim Blue Hole – A Map of Rainfall

    0 shares
    Share 0 Tweet 0

Leaving Comments   I hope you’ll join our community and leave comments from time to time. Please realize that comments, if approved, will be public, so do not use any personal information you don’t want broadcast to the world, and definitely don’t leave a phone number. Comments are not the place to ask Chuck Marunde for help in finding a home. To do that, call or text Chuck.

If you’d like to view how we protect your privacy, see our Privacy Policy.

iRealty Virtual Brokers

iRealty Virtual Brokers reaches out to buyers around the United States with thousands of online articles, MLS sites, apps, real estate books, videos, and much more specifically to help buyers find all the answers to their questions. We also now offer a flat fee commission listing service that saves sellers tens of thousands of dollars.

iRealty Virtual Brokers
125 Olympic Ranch Ln
Sequim, Washington 98382
360-775-5424

Search the entire NWMLS in Washington State:

Sequim-Homes.com

The largest independent real estate blog in the State of Washington with over 2,200 articles totally focused on our client’s best interest, their needs and their curiosity. All free and 100% reliable. I’m here if you need me, 

© 2006-2022 iRealty Virtual Brokers and Chuck Marunde

No Result
View All Result
  • Home
  • Search MLS
    • Sequim MLS
    • Sequim MLS Map Search
    • Port Angeles MLS
    • Port Townsend MLS
    • San Juan Islands MLS
    • All Islands MLS
    • How to Search the Sequim MLS
  • Videos
    • Sequim Videos Q&A
    • Buyer Videos Part 1
    • Buyer Videos Part 2
    • Buyer Videos Part 3
    • Buyer Videos Part 4
    • Living in Sequim Video Channel
  • Books
    • Sequim Real Estate for Buyers (Free eBook Updates Forever)
    • Sequim Real Estate: A Buyer’s Guide (Paperback)
    • Escaping California to The San Juan Islands
      • Menu Below
    • Buying & Selling Real Estate in The Rain Shadow
    • Real Estate From Bricks & Mortar to High Tech Virtuality
    • The Seven Myths of Selling Your Home
    • Buying Your Retirement Home
    • The New World of Marketing for Real Estate Agents
  • Agents
    • Professional Buyer’s Agent
    • Flat Fee Listing Broker

© 2006-2022 iRealty Virtual Brokers and Chuck Marunde

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.