Write An Offer

Once you find the home you are interested in, it is time to make an offer. This entails putting together a contract, applicable addendums and disclosures. The majority of the contract is standard but there are several areas we can negotiate:

Price

The most important part of determining an offer price is to review recent comparable sales. This is how we will determine a fair market value for your home and develop an offer strategy. In today's market, understanding the market is crucial. With so many homes having multiple offers, going in with your best foot forward is crucial.

Personal Property

This can include appliances, fixtures, above ground hot tubs, and sometimes even furniture.

Earnest Money Deposit

This is the amount of money you agree to give the title company to "hold" the home for you until closing. The deposit goes towards your down payment at closing and you only lose the deposit if you breach the contract. The larger the deposit you give, the more serious of a buyer you look.

Closing Date

We will put an actual closing date you prefer to close on the contract. Typically closings are scheduled 30-45 days out. If you are flexible with the closing date this may help the seller be more apt to accept your offer.

Inspection Period

The shorter the inspection period, the more appealing it is to the seller. Inspection periods are typically around 7 days or shorter.

Appraisal Gaps/Waivers

If offering a price over the asking price to compete with multiple offers, you may have to state you will pay an appraisal shortage in cash to stay competitive. We will talk more about this during your buyer consult, but it is also advised to talk to your lender about how this could affect your loan.