Making an Offer

Making an Offer

Once you have found the home you wish to purchase, you will need to determine what offer you are willing to make for the home.  It is important to remember that the more competition there is for the home, the higher the offer should be – sometimes even exceeding the asking price.  Remember, Be Realistic.  Make offers you want the other party to sign!

To communicate your interest in purchasing a home, we will present the listing agent with a written offer.  When the seller accepts an offer it becomes a legal contract. When you write an offer you should be prepared to pay an earnest money deposit.  This is to demonstrate that your intention is to purchase the property.  The offer forms used are standard documents approved by our local Board of Realtors.

After we present your offer to the listing agent it will either be accepted, rejected, or the seller will make a counter offer.  This is when we will negotiate terms of the contract if necessary.

Once an offer has been successfully negotiated and executed by both parties, it is customary for the sellerÂ’s attorney to draft a Purchase and Sale Agreement; the legal terms of which your attorney will negotiate on your behalf.

 

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