MAKE AN OFFER...
Now that you and your
RE/MAX Village Properties realtor have found the
home you would like to purchase, it's time to
make an offer. Taking into account
the recent sales of homes in that neighborhood
which are similar in size, quality,
conveniences, and amenities, what are you
willing to pay for the home? Your RE/MAX Village
Properties realtor will consult with you and
advise you on how to create an offer that will
have the best chance of being accepted.
Your agent will ensure that you have everything
down in written form... no verbal agreements.
After consulting with your agent to put your
offer in a written contract that meets all the
legal requirements according to local and
national guidelines, your agent will present the
seller with a written document detailing what
needs to be done by both parties to execute the
transaction. The contract should protect the
best interests of all parties involved and
should be comprehensive in nature. Your agent
will also ensure your financial position as the
buyer by including any necessary contingencies,
which would protect you if a particular
requirement were not met. Once the seller
accepts it, it may be too late to make any
changes.
The contract, though not limited to this list,
should include the following:
·
| |
- A legal description of the
property
- The offering price
- The down payment
- Financing arrangements
- A list of fees and who will pay them
- Amount of the deposit
- Inspection rights and possible repair
allowances
- The method of conveying the title and
who will handle
the closing
- A list of appliances and furnishings
which will stay with
the home
- The settlement date
- Any relevant contingencies |
Remember that the legalities of this phase are
very important. If you have any questions or
concerns, they need to be addressed right away.
After all, no one has ever said at their
closing, "I wish I had asked fewer questions." |
