Submitting an Offer

Once you have found the right property, it is time to make a purchase offer to the seller. We make this offer using an Offer to Purchase and Contract form.

First, determine the price you want to offer.

• The price the Seller is asking may or may not reflect realistic market value

• The best way to determine market value is with a Comparative Market Analysis (“CMA”) showing similar properties that sold recently, those that are currently active on the market, and those that failed to sell or expired.

• Discuss with your Real Estate Professional an estimate of costs associated with purchasing the property

Decide on Financing.

• We will review together the status of your loan pre-approval

• We will work together with your loan officer to explain financing options and help you determine the mortgage plan that best fits your requirements

Decide on other issues that are important to you including:

• Items of personal property you want included in the sale of the home

• Warranty, home inspection, repairs or other home enhancements by the Seller

• Closing date and possession

Present your offer.

• The Seller will have three choices: Accept the offer as it is presented; reject the offer completely; or propose adjustments to your offer in the form of a counter offer.

• If there is a counter offer, you can choose to accept it, reject it or also, counter it.

Once an agreement has been reached with the Seller, both Buyer and Seller will sign and initial the contract and you will have a firm contract to purchase the home.