Making An Offer

Making An Offer To Purchase The HomeWhen you are ready making an offer, your real estate agent should prepare a Purchase Contract, which is the document that you will present to the seller, and where you offer a price and any conditions you have for the purchase.

Before presenting this document, check to see that your contract includes a clause that stipulates that the purchase depends on a satisfactory professional inspection.

Ask your real estate agent to recommend a professional inspector with many years of experience. The inspector should give you a written evaluation of the home and make any repair recommendations that are necessary. If you have any doubts about the inspection, ask for a second one.

Once your offer has been accepted, you will need to provide earnest money (or a good faith deposit). This is a cash deposit (several hundred dollars to several thousand depending on the value of the home and the market) towards the down payment that shows your commitment to buying the home. Ask your real estate agent how much money is needed for a deposit, and use your pre-qualification certificate to back up your offer to the seller.

How do I determine the real value of the home?

Before making an offer, you need to determine how much the home is really worth. Your real estate agent can help you by providing information about other homes in the neighborhood that have recently sold.

This way, you can compare the selling prices of the different homes to feel confident that you are offering a fair and sufficient amount.

There are also a number of other services available on the Internet that can provide estimated property values and recent sales within the general area.

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