Offer/Closing Articles

Closing the Deal

• What Closing Entails
• Closing Documents

Making an Offer

In real estate, oral contracts are not legally binding. If you wish to bid on a property, you must make a formal, written offer or proposal.

Your GMAC Real Estate sales professional is experienced with the offer/counter-offer process, and will know which of a variety of standard proposal forms are suitable for your area. Once written, your Sales Professional will present your offer to the seller. (In some cases, this is all handled by the respective parties’ lawyers.) We have provided the basic information needed during this critical phase here.

• What the Offer Contains
• Negotiating
• Calculating Net Proceeds (for sellers)

Securing Financing

No matter where or how you finance your home, the information we’ve gathered will help explain the basic process of getting a mortgage. First-time buyers should click here for helpful tips, mortgage calculators and other information.

There are various financing options available at GMAC Mortgage Corporation that can help with your mortgage needs. GMAC Mortgage Corporation, based in Horsham, Pa., has more than 5,000 employees and hundreds of offices throughout the United States.

• Choosing a Lender
• The Loan Process
• Types of Loans
• Application Information