Step 4: MAKING THE OFFER
Once we find the best home, we’ll will work together to write up an offer!
Here are a few things to keep in mind when considering your offer:
Some people fall in love with a particular home, while others find several that could work. While there is nothing wrong with either approach, keep in mind that falling in love with a home may limit our ability to negotiate the best deal for you. The number one rule in negotiating is that the person who needs the deal the most has the least power!
Keep in mind, however, that price negotiation in this market is limited as the average home sells within 1 to 2 percent of the list price and sellers know it!
I will provide a detailed market analysis on the home you choose so that you can have all the info you need to make the best possible decision.
If the property is priced right, we may need to move quickly!
We’ll need to provide an earnest money check with the offer. This is our “good faith” deposit that tells the seller you are serious about the offer. It is typically about 1-2 percent of the sales price and is credited back to you at closing.
The offer to purchase is a legal document that is approximately 11 pages long. We will be going over every paragraph so that you know exactly what you are committing to do. This will take 30 mins. to 1 hour depending on how many questions you have.
Most likely, you will want to make your first offer the best offer possible. If the sellers counter the offer with a higher price, you can always refuse. You don’t have to increase your price, but it’s nice to have the choice before the seller finds another buyer.
Remember, I will be there to support you during this very important step!
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