Making an Offer
Before touring home and moving forward with an offer on the “one” that calls to you, it important that you have been pre-approved by a lender.
Once we find “the” property you are ready to call home, we will discuss the offer strategy.
The most exciting (and potentially stressful) time in the home buying process is when you've found the home that you want to buy.
- Together, we will strategize for your strongest offer that will both get you under contract and also ensure that you get a good value.
- We will be your guide and resource as we navigate the negotiations, and then ultimately clear all the contingency hurdles to get to the closing table.
- When we hear back from the other broker, you may have more negotiations if the seller counters your offer
- The waiting is the hardest part.
- When both sides have agreed to and signed off on all terms and details, the offer is considered 'ratified', and you have a binding contract to purchase
- Sellers consider location and condition of their home when establishing the listing price. Homes in top condition sell for the most money.
- Your broker can suggest way to improve your negotiating position.
- Keep in mind that your purchase offer is only binding when the sellers agree to your terms or the buyer seller to your counteroffer.
- Every change you or the seller makes means the other party can walk away from the deal entirely.
- Your pre-approval letter will be provided along with a copy of your earnest money. Both strengthen your offer.
As a buyer, once you decide to make an offer on your home, it will usually be contingent upon a profession inspection. Home inspectors look beyond the cosmetics to make sure the home’s general systems operate properly from the ground up.
The standard home inspectors report will review the conditions of the:
- Heating & cooling systems
- Interior plumbing
- Electrical systems
- Roof, attic and visible insulation
- Walls, ceilings, floors, windows and doors
- Foundation and/or basement
- Visible structure and more