05 MAKE an offer WHEN TO MAKE AN OFFER So you have found THE house! Congrats! In today’s market when the demand is higher than the amount of homes available it is important to act fast! HOW MUCH TO OFFER We will sit down and look at recent sales and current buyer activity in the area, as well as the value of the property in its present condition. Putting all this information together, we will determine the price that you would like to offer. SUBMITTING AN OFFER
Put Down a Healthy Earnest Deposit A large earnest money deposit shows the seller you are serious.
There are some components to an offer that makes it more appealing to the sellers. Put Your Best Foot Forward We will work together to discover options and create your best offer. Depending on the circumstances, you may have only one chance to make a good impression.
Cash Talks A transaction that is not dependent on receiving loan approval is more attractive to a seller
Shorter Inspection Periods Try shortening the inspection period to 10 days
Write the Seller a Letter We will make your offer stand out by writing a personal letter to the seller, explaining why you fell in love with their home.
Offer to Close Quickly Many sellers prefer to close within 30 days.
AFTER YOU SUBMIT AN OFFER
THE SELLER COULD ACCEPT THE OFFER
COUNTER-OFFER A counter-offer is when the seller offers you different terms. If this happens, you can: ACCEPT THE SELLER’S COUNTER-OFFER
COUNTER THE SELLER’S COUNTER-OFFER
You can negotiate back and forth as many times as needed until you reach an agreement or someone chooses to walk away. OFFER IS ACCEPTED - CONGRATS! Sign the purchase agreement and you are now officially under contract and in escrow! There are usually several contingency periods while in escrow. Now inspections, appraisals, or anything else built into your purchase agreement will take place.
DECLINE THE OFFER This happens if the seller thinks your offer isn’t close enough to their expectations to further negotiate.
DECLINE THE SELLER’S COUNTER-OFFER
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