Offers and Purchase Agreements

You found the home you want to buy.  Now what?
Time to make an offer!  Ultimately, what you wish to offer is entirely up to you, the buyer.  With that said, we will have a discussion that will help you come up with the number you wish to submit to the seller.  Of course, we will take a look at the asking price.  In addition, I will look at like kind comparable homes that have recently sold in the same community.  By looking at the sold prices as well as the positives and negatives of the comparable properties we can determine fair market value and choose your offer amount accordingly. You will also be able to request the date you wish to close on thehome.
After the offer is made, the seller will accept the offer, decline the offer, or come back to the table with a counter offer. This is the time that details are negotiated with the sellers and their agents.  For instance, do you want them to include the washer and dryer or finish an improvement project that is not quite done yet?
Once all details are ironed out the final acceptance of the Purchase Agreement is signed.  The next step is arranging for a home inspection…more on that in my next post.