Ready to Make an Offer? Watch This.
Before your offer to purchase your new home is created, you must be at least pre-qualified or, better yet, pre-approved by a lender, unless you are paying cash. I advise my clients to get completely underwritten if possible.
A pre-approval letter is one of the best negotiating tools a buyer can have. It shows the seller that you are financially able to purchase the home. After you have found the right home, it is time to prepare the offer.
Now, let’s break down exactly how the offer-making process works. Here are the steps:
- First, you’ll view a home and decide you want to make an offer.
- We will ask the listing agent for the disclosure package for you to review.
- We'll do an analysis of the home to help you decide what a solid offer on the property looks like.
- We will help you write an offer or purchase agreement and send it to the seller's agent.
- The seller will respond in one of three ways:
The seller accepts the offer. Everyone is happy and as soon as both sides sign the purchase agreement, you’re officially under contract and on your way to buying a home!
The seller makes a counteroffer. You can either accept this counteroffer, go back with another offer of your own, or walk away.
The seller declines the offer. You could then try to make a more appealing offer, if your budget allows, or move on to find another home.
If you have questions or are ready to begin the home buying process, just complete the form below, and a member of our team will be in touch shortly!
Are you a first-time homebuyer? Did you know that if you haven’t owned a property in the last three years that you are considered a first-time homebuyer?View Resource
Before the offer to purchase is created, you must be at least pre-qualified or, better yet, pre-approved--or completely underwritten--by a lender, unless you are paying cash.View Resource
The real estate market is constantly changing. If you are thinking about selling your home then now might be a really good time. Property values have increased over the past few years and pent-up demand is still pushing the prices up! With overall prices down from the Covid frenzy of a few years ago, it could be a good time to buy.View Resource
The easiest way to determine your estimated monthly mortgage payment is by talking to a lender. However, the calculator below can also help point you in the right direction.View Resource
Once your offer is accepted by the seller it starts the offer accepted period. You will be asked for a down payment, typically 1% of the purchase price, on the home you are purchasing which will be held with an attorney or settlement company and applied to the final purchase of your property.View Resource
Complete the form below and we'll create you a custom property search. Anytime when we find properties that match your specific criteria we’ll send you an email.View Resource
Are you thinking about buying? The video resources below cover many of the common questions that most people have during the home buying journey.View Resource