|
Now
that you and The Team 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? Greg & The Team will consult with
you and advise you on how to create an offer that will
have the best chance of being accepted.
Greg
& Team 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."
|
