MAKING A PURCHASE OFFER ON A HOME:
Once you have found the home you wish to purchase, you will need to determine what offer you are willing to make for the home. It is important to understand how much competition you are facing to buy the property. I will be able to tell you this based on my knowledge of the markets and questioning of the listing agent. Remember that the more competition there is for the home, the higher the offer should be if you really want have the home. Typically, the more desirable homes go for a little over the asking price, especially if they are in good condition, on a nice street, or have nice improvements. Please remember that you are looking for the middle ground between both parties. Make offers you feel the other party will want to sign.
When you write an offer, you should be prepared to provide a check payable to the escrow company chosen as an Earnest Money Deposit. This is to document your intention is to purchase the property. The check will be held and handled according to the directions in the purchase contract. This would typically says “upon seller acceptance, the check is to be deposited into escrow within” a specified number of days.
After we present your offer to the listing agent and seller, they will either be accept, rejected, counter-offer, or just ignore the offer. The best situation is either an acceptance or a counter-offer. Sellers typically counter buyers mainly on price, contingency removal, length of escrow, and anything else important to the seller. This provides important information about the seller’s desires or motivations.
Effective Negotiation is done with an understanding of both sides of the transaction. I will help you to find the middle ground that is acceptable to both the Buyer and Seller. |
