So you go to view a home and you end up absolutely loving it. What do you do next? It is not just writing the offer, there are a lot more specific's that go into writing an offer. Here are the basic steps agents take when preparing the offer. -Price and Terms:
Consult with your agent to arrive at the more logical offering based on the CMA’s
(comparative market analysis) your agent prepared. It is risky to make a low
ball offer, because it can be insulting to the sellers and may not even get
looked at. -Seller’s Disclosure:
Your agent will review this statement to double check that there aren’t any
known issues with the property. -Conveyances: Consider what items in the home will
transfer or convey to the buyer. Typically attached fixtures stay and movable
items go with the seller. In some areas, the seller’s disclosure will specify
which items convey. These items are often up for negotiation. -Earnest Money:
Buyers make a deposit to the seller to show good faith in the transaction. This
earnest money typically deposited in a listing broker’s trust account that is
jointly held by the buyer and seller. Determine an amount that would be
acceptable to both the buyer and the seller. In many markets, 2-3 percent of
the purchase price is normal. -Time for Seller
Acceptance: Your agent will be sure to specify the time for acceptance. -Financing Terms: Your
agent will make sure the financing terms will be agreeable to the buyer and the
seller. -Buyer Preapproval
Letter: Your agent will include this letter from the buyer’s lender when
they submit the offer. -Loan Approval:
Allow yourself ample time to finalize your financing. Don't make any major purchases when trying to finance on a home, you don't want anything to effect your credit. -Closing Date: Your
agent will make sure that the closing date will work for you, your lender, and
the closing Title company. -Home Warranty: Your
agent will review any home warranty considerations. Purchasing a home is intimidating, and we
want you to know all the details when you purchase a home. With the support and
knowledge of Keller Williams and Rorabeck Real Estate Group, know that you will
be in good hands throughout the whole process. If you have anymore questions
please don't hesitate to call our Team Lead Dan Rorabeck for more information
on the home buying and selling process @612-720-1310 or go to his website,
danrorabeck4homes.com. And remember, you can't afford not to buy a home.
Author:Kelsey Rorabeck Phone: 715-529-1410 Dated: April 23rd 2014 Views: 7,620 About Kelsey: Kelsey was a student athlete for 4 years at Augsburg College and received the Joyce Plaff (scholar a...
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Whether you are buying or selling your home, the 'Rorabeck Real Estate Group' with Keller Williams Realty Integrity WI/MN will make sure your experience is a pleasant one. We pride ourselves on our close to 30 years of experience and our superior customer service within St. Paul, MN, Hudson, WI and the surrounding Western WI areas. Contact us for your home buying & selling needs. "Who do ya know wants to buy a home?"