Preparing the Offer
When you view a home on the market that you really want, you can hardly wait to be handed the keys. In fact, you may worry that the property will somehow slip through your fingers. Don’t be. You’ve got an expert by your side. Me. My job, as your real estate agent, is to ensure you get that home – and at a price that works for you.
The first step is preparing the Offer. This is the document I present to the seller that basically states the price you’re offering, as well as any conditions.
The price we go in with is critical. You want it to reflect the true market value of the property so the seller will take your offer seriously. On the other hand, you don’t want to go in too high and risk overpaying for the home.
Don’t worry. I know how to prepare a winning offer and get you the property at the lowest possible price. In fact, I look after your interests throughout the entire process.
How the Process Works
When you decide to make an offer on a home, here’s what typically happens:
- I’ll recommend a price that has the best chance of being accepted by the seller, without over-paying for the home.
- Obviously, sellers prefer offers that have no conditions. However, I may suggest a condition, such as passing a professional home inspection, be included for your protection. We’ll talk about that.
- I’ll prepare the necessary documents and present your offer to the seller and his or her real estate agent personally.
- If the offer isn’t accepted, or if the seller makes a counter-offer, I’ll work with the seller’s agent, skillfully negotiating on your behalf to make a deal.
- I’ll communicate with you throughout the entire process. You’re never in the dark when you work with me.
- Once the seller agrees to a deal, I’ll help lead you through removal of any conditions and closing the deal. Then, the home is yours. Congratulations!
I realize that making an offer can seem like the nail-biting part of the process. It doesn’t have to be. That’s the advantage of selecting a real estate agent who, like me, puts clients first. When you go after a property you really want, you can take comfort in knowing you have an expert on your side… someone who knows how to get that home for you.
Firm Offer to Purchase
Usually preferred by the seller because it means that you are prepared to purchase the home without any conditions. If the offer is accepted – the home is yours.
Conditional Offer to Purchase
Usually means that you have placed one or more conditions on the purchase, such as “subject to home inspection”, “subject to financing” or “subject to sale of buyer’s existing home”. The home is not sold until all the conditions have been met.
Acceptance of Offer
Your Offer to Purchase will be presented at the earliest possible opportunity. The seller may accept the offer, reject it, or submit a counter-offer. The counter-offer could be in reference to any number of factors, including the closing date and/or the purchase price. The offers may sometimes go back and forth until both parties have agreed upon an offer or until one or the other ends the negotiations.
Have questions about making an offer? Please submit the form below or call or email me.