Breaking News

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?

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.

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.

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!

Related Articles

Moving with Pets

Moving can bring stress onto our four-legged (or two-legged or finned) family members…

5 Things NOT to Do When Decluttering

Decluttering is important to clear the obstacle course that has been created in the home you love…

Recommended Books for Moving with Kids

Having a great book to help reassure your kids and encourage them through the process, as well as…

5 Tips for Selling in the Fall

If you find yourself thinking about selling your house, here are five tips to help you get the highest price in the quickest time…

Home Improvements with Highest Return on Investment

Whether you are planning to list your home soon or simply considering what home projects to do next, it is important to know which ones will add the most value to your home…

Credit Scores Explained

A credit score is a three-digit number that determines your creditworthiness and measures how likely you are to repay a loan on time…