What is an Offer? VIEW CONTRACT OF PURCHASE AND SALE HERE.
Your Offer is in your Contract of Purchase and Sale.- An offer to purchase real estate is a legal document, which outlines a buyer’s terms they’re willing to offer the seller. This is in no way binding. The buyer has put their intention in writing to purchase with specific terms. However, it’s up to the seller whether or not they want to accept the terms being offered.
How to Make an Offer - When you have found a home you are interested in buying, let Us will walk you through the process of drafting an offer to purchase. Its our job to communicate the offer to the seller or the seller’s real estate agent for you. Some properties are in demand and you will not be the only interested party making an offer. We will assist you in generating an offer that is reasonable and protects your interests using specified terms and conditions
A firm offer is one that has no conditions attached. (See Below). A firm offer is common in a hot market. With all other things being equal, a seller is more likely to accept the unconditional offer over one that could potentially fall through for a number of reasons.What kind of conditions should I put on my offer?
Your offer to purchase a home can be firm, meaning it has no conditions attached to it. On the other hand, a conditional offer means that in order for the offer to be valid, certain terms must be met. Some common conditions include:
When a seller receives an offer, they can accept the offer as written, reject the offer, submit a counteroffer or do nothing. There is nothing illegal or unethical if they do not respond. In fact, as the buyer, you have the same exact ability if you receive a counteroffer.Negotiation
The process by which you and your realtor decide ow much you are will to pay to own the property. Here are some secrets to NegotiationWhat is on the Offer?
There are many reasons a seller may or may not accept your offer. Regardless of the reasons…the search for your dream home must continue. Some reasons for not accepting may not be through no fault of your own.
Some reasons may include:
Be realistic about your situation and understand what you can afford. You should have your down payment and you should be good at managing debt.
The cost of buying a home = one-time costs (down payment, legal fees, inspection fees and taxes) + monthly costs (mortgage, utilities, maintenance, insurance and property taxes).
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