Once you find the home
you want, you need to make an offer for the house. Typically
this is a very difficult and trying time since both parties
have totally different goals. In most cases it is better to
have a third party, such as your buyers agent, negotiate the
offer. If you have any personal interaction with the homeowner,
don't give out any information about your move, your current
housing status, financial status or your feelings about their
property - positive or negative. This could hurt you in future
negotiations.
Some of the items that need to be addressed in an offer are:
- The proposed selling price (your offer).
- A legal description of the property
- Any concessions you desire the seller to make.
- Any financing contingencies (for example, subject to
you being able to obtain a satisfactory mortgage. You can
go as far as to state maximum interest rates, specific terms,
etc.)
- Any home inspection contingencies (for example, subject
to an acceptable whole house inspection report).
- A clear definition of precisely what is to be included
in the sale. Don't simply assume that items such as porch
swings, fireplace doors and refrigerators are included.
Doing so usually causes some unpleasant surprises on moving
day. If there is any question, be specific!
- The amount of earnest money (your deposit) that is being
tendered with the offer.
Contact Us today to get our experienced
loan officers and other team members working for you.
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