Making the Offer and Negotiating
Once your perfect home has been decided upon, it’s time to make the offer. An offer is a legally binding written document. However, this is not the end of the sale. A seller has the right to accept, counter or even decline the offer. Even if accepted, the purchase must still close.
Before submitting the offer, ask your REALTOR to prepare a Comparative Market Analysis (CMA). This provides you with a tool to compare similar prices that homes have sold for in the area. Your REALTOR will prepare the offer, as they have the expertise to make the transaction easier. The offer includes the basic terms including the purchase price and method of payment. Other provisions of the offer include time frame and inspections.
When it comes time to make an offer on your dream home, ask your REALTOR for assistance. They are the experts and can facilitate the negotiations in a way that is beneficial to you.