You’ve Found Your Perfect Home. Now Let’s Write an Offer.
Writing an offer on your new home can be an exciting and nerve wracking time. By the way, you’ve found the perfect home. Thus, congratulations are in order. Next, you will have to write an offer and the seller will have to accept it. Therefore, here are some important factors to consider when writing an offer on your new home. As a result, your buyer’s agent at The Kolb Team will educate you on market conditions and will help you determine a fair offering price by examining comparable sales.
Together, with that information your buyer’s agent will draw up a contract with your offering price and any necessary contingencies. As a rule, your agent will sit down with you and go over each part of your offer.
Ordinarily, you will need to provide an earnest deposit. Typically, an earnest deposit equals between 1% and 3% of the property purchase price. Consequently, you are not at risk of losing your earnest deposit as long as you do not default on your contract. For instance, The amount of your deposit will be credited toward your down payment at closing and will be cashed and held at the Escrow Company.
After you made your offer, the seller will be able to;
- Accept your offer.
- Reject your offer.
- Execute a counter offer.
The Art of the Deal
- Purchase price.
- Closing date.
Therefore, when you are writing an offer on your new home be prepared for negotiations to go back and forth several times. Usually, both parties will eventually agree to terms. Incidentally, you might also have to compete with other interested buyers in certain market conditions.
Finally, when an agreement is reached on all issues, and both the seller and you as the buyer have signed the offer, you are both under a legally binding contract. However,we at The Kolb Team will be with you every step of the way.
For more home buyer tips watch this short video.
If you would like more information about buying a home in Sun Lakes of would like our FREE Guide to Buying a Home click here. You may also contact us 480-809-5759 or firstname.lastname@example.org
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