You Found Your Dream Home – Now What?
MAKE AN OFFER
- I will create a Comparative Market Analysis or provide you with data based on similar properties in the area that are active, pending, or sold to help you make an educated decision on an offer price.
- I will work with you to explain and complete the RE-21 Real Estate Purchase and Sale Agreement.
- An Earnest Money check will need to be submitted with your offer—be sure to bring your checkbook! I need your Earnest Money check before presenting the offer to the seller’s agent.
- Earnest Money shows the seller how serious, or earnest, you are to buying their home. In our area, sellers like to see at least 1% of the purchase price.
- Your Earnest Money check will be deposited into Group One’s Trust Account, which is a non-interest-bearing account.
- The amount of the Earnest Money will be credited back to you at closing.
- I will give you copies of everything you signed before you leave the office.
LET THE NEGOTIATIONS BEGIN
This is another area where my experience goes to work for you. I will contact the seller’s agent to present your offer. The seller must respond by the date and time you specified in the contract. When waiting for a response, you can relax and have faith that I am representing your best interests. If the seller counters back I will work with you to understand their offer and how to respond appropriately.
- The contract is fully accepted when both the buyer and seller have signed the contract and any counter offer(s) or addenda.
- At this point, you still have other contingency hurdles to go through: the home inspection, appraisal and final underwriting, if you are obtaining financing.
- Your lender will order the appraisal after the home inspection is complete.