Preparing
The Offer To Purchase
You
have found the home of your dreams...Now what?
Here
is where a good agent will be worth their weight in gold. This is
the crucial step in the process where you must make decisions on items
such as:
The
correct price to offer.
The
best terms to offer.
What
inspections to require.
What
financing to pursue.
Your
agent should guide you through the entire process. From determining
the right offering price through the entire negotiating
process. It is at this point that you will make your offer by
completing the Agreement
Of Sale. Be sure to ask for
explanations of anything you do not understand. Once the Agreement
is complete, your agent will deliver it to the agent for the seller
who will then present it to the seller. At that point the seller will
have 4 options:
-
Accept
your offer as is. At this point you have a legally binding contract
as soon as you or your agent is notified of the seller's acceptance.
-
Reject
your offer.
-
Present
a counter-offer.
-
Accept
an offer from another party.