Make An Offer

Work With Your CamTaylor Agent to Make an Offer Using the Columbus Board of Realtors® Standard Purchase Contract.

Comparable Sales

Your agent will provide past sales so you can see how those compare to the home you have selected. Think back on the homes you have seen and how those compare with the list price.

Decide on Price

Comparable sales will guide you to a range of value for the present day market. Also consider potential competition from other buyers and your need for housing in the offer. If there have been fewer days on market and many other potential buyers, you may need to offer above the list price to secure the home. Your agent will tell you their thoughts from experience working in the direct area. The market will determine the final price.

Terms & Conditions

Your agent will guide you through the normal contingencies for the micro area you are wishing to buy. Your contingencies and time frames could make the difference in securing the home over a competing buyer.

Lender Pre-Approval

The seller will want to know you have been pre-approved. We will provide the pre-approval letter from your selected lender along with the offer.

Loan Commitment

The purchase will be contingent upon your ability to obtain financing after a more detailed process from your lender relating to income, credit history and the selected property itself. We will deliver a loan commitment letter from the lender, prior to closing, that signifies the commitment of the lender to provide funding to purchase the home.

Attorney Approval

As a buyer, you may choose to have an attorney review the agreed upon contract and make recommendations. This usually takes place within the first five days of offer acceptance.

Fixtures and Equipment

When buying a home, the fixtures typically transfer to you with the home, unless otherwise agreed upon. This section of the contract allows us to request for appliances and other equipment to also convey.

Inspections and Tests

It is recommended that inspections and tests are performed to provide critical information about the home. This is known as the Specified Inspection Period. Within the agreed upon Inspection Period, inspections and tests need to be completed and written notice delivered to the sellers on how you would like to proceed in the following ways:

Deliver a Request to Remedy

• Accept the property in it’s current state

Cancel the contract

Agreement to Remedy Period

This time period gives us an opportunity to present inspection results concerning safety, environmental, and structural issues. Within the Agreement to Remedy, we are to come to an agreement with the seller on which repairs are to take place and how they are to be repaired before closing.

Warranties

Some sellers are willing to provide home and gas line warranties. Therefore, we have the opportunity to ask for these warranties to be provided for you during the first year of ownership.

Earnest Money Deposit

The earnest money deposit is a good faith gesture toward the seller for the purchase. Upon successful closing, this deposit will come back to you, as the buyer, in the form of a credit or return check. In the event of the contract being canceled though a contingency, this deposit will also be returned. Your agent can advise on an appropriate earnest money deposit amount.

Closing & Possession

Consider timeline needs for when you take ownership and move-in. Depending on the market, the seller may also have requirements that need to be considered.

Final Walk-Through

We will conduct a final walk through prior to closing to ensure the premises are in the same condition as they were on the date of contract and that remedy repairs have been completed.