Write an offer
Working together to present your offer.
Putting it in writing:
You found a home you want to purchase and it's time to put it in writing. This is where we get to the details and define the offer in the Purchase and Sale Agreement. Once all parties have agreed to the terms and signed in all the appropriate areas this will become a binding contract.
The highlights of an offer to purchase include:
- Purchase price.
- The type of financing you intend to use and the amount of downpayment you will be applying towards the purchase.
- The amount of earnest money you will be offering (traditionally 3% to 5%).
- Date of closing/possession (traditionally 30 days or less, but can be more).
- The right to conduct a thorough inspection of the property by a professional inspector.
- Title review to make sure ownership will transfer without issues
- Items included in the sale (appliances etc).
Your buying strategy will vary depending on several factors:
- Current market conditions (buyers market, sellers market, or balanced).
- Current listing price of the home vs area comparables.
- Number of days on market.
- Location: some areas have higher demand and are more desireable.
- Other competing properties in the area.
- Your personal timing (school starting, job issues, etc.).
- Style of architecture (some styles tend to be more desireable and sell faster).
- Is the home likely to keep up with area appreciation.
- How bad do you want the home?
How we represent your offer:
- Confidentiality. We work for you and negotiate on your behalf, we do not share any information with the seller other than the terms of the purchase and sale agreement.
- We prepare a market analysis of the property.
- We advise as to whether there are competing offers.
- We contact the listing agent and attempt to measure seller motivation, and any other circumstances that may affect the negotiating process.
- We present offers in person when possible to enhance negotiations.
- We represent your interests, and negotiate on your behalf for the best possible price and terms.
Next Step:
Contact us and we will discuss your purchase and prepare the purchase and sale agreement.
OR ---
Use our Draft My Offer form. This will guide you through the basic terms and we will use this as a guide to prepare your offer.
Use the online form!
