Once you have found the right property, the next step is to make a purchase offer to the seller.
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.
- I will discuss with you an estimate of costs associated with purchasing this 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
- Items of personal property you want included with the house
- Warranty, inspections, repairs or other home enhancements by the seller
- Closing date and possession
- The seller will have three choices: accept your offer as it is presented; reject it completely; or propose adjustments to your offer (counteroffer).
- If there is a counteroffer, you can choose whether to accept it, reject it or counter it.
I WILL PRESENT YOUR OFFER
Once you have reached agreement with the seller, you will have a firm contract to purchase the home.