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Making Your Best Offer on a Home


By Jen McCann, Realtor

It is exciting to begin searching for homes. But what will you need when you finally find “the one” and fall in love the moment you walk through the doors with your real estate agent?

Teamwork
Having a trusted real estate agent is key to writing a successful contract, and working with a Mortgage Planner on your pre-approval can make all the difference in whether that offer is accepted. A pre-approval letter shows the sellers that you are qualified and serious about purchasing their home. This will give you an advantage over other buyers because the sellers will know that you can afford the amount they are asking for their home.

Research
When the time comes to make an offer and negotiate the best deal, the research your real estate agent will do for the property and the area is critical. Take the time to compare the price, quality, and features of the other homes in the area that you are considering buying.

Negotiation
Your purchase offer will contain all of the items that will act as a guide for the final agreement. This will include things such as the purchase price offered, the down payment, and other contingencies. If the seller likes almost everything and wants to further negotiate a term, you will likely receive a written counteroffer with changes requested by the seller. Each time the buyer or seller makes changes to the terms, the other party has the option to accept or reject the changes. Once a party signs an acceptance of the proposal, the document becomes a binding contract.

Purchasing a new home is a very exciting time, and my team here at Fairway is here to answer any questions you have. Call me at your earliest convenience, and we will work together to make your new home dreams a reality!


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