Newsflash
| Writing Offer Purchase Real Estate |
You found the home you want to buy, so the next step is to put together an offer – which is not as easy as it sounds. Your offer is the first step toward negotiating a sales contract with the seller. This is an emotional time for everyone, so put yourself in the seller’s shoes and imagine his or her reaction to everything you include in the offer. Your goal is to get what you want, while anticipating the seller’s reactions and not upsetting the apple cart.
There is much more to the offer process than simply coming up with an offering price.Because of the huge dollar amounts involved, especially in today’s litigious society, both you and the seller want to build in protections and contingencies to protect your investment and limit your risk. In an offer to purchase real estate, you include not only the price you are willing to pay, but other details of the purchase as well. This includes how you intend to finance the home, your down payment, who pays what closing costs, what inspections are performed, timetables, whether personal property is included in the purchase, terms of cancellation, any repairs you want performed, which professional services will be used, when you get physical possession of the property, and how to settle disputes should they occur. This is why you want to choose well when choosing your real estate agent. A good agent will help you understand the issues and put together a winning offer. Be sure to read over everything you are offering and agreeing to, because if the offer is accepted you will have to live up to every portion of it. |
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