Offers + Counteroffers (for buyers)
So you think you’ve found “the one” and you’re ready to put in an offer—one that will be simply irresistible to sellers.
01— Tips for Making an Offer Stand Out
Here’s how to make sure yours stands out from the rest:
Include a pre-approval letter that shows that you’re serious, qualified, and ready to purchase.
Put your best foot—and price—forward. You may only get one shot, so make it count. Use comps and trends as a guide, but go in with a strong number you know a seller would find favorable.
If you can pay “all cash,” say so. When you don’t need financing, your offer is less risky for anxious sellers.
Propose to close quickly and only include the contingencies that are non-negotiable to you.
If you really want to make an impression, ask your agent to include a note with your offer. Sometimes it’s the smallest gestures that have the most significant impact.
And of course, when you’re ready, I will guide you through putting together an offer that gives you every advantage in landing the home of your dreams.
02— Let’s Make an Offer!
You’ve done your homework and know your local market. You or your Realtor® have the sales comparables of the house you’re interested in, and you’re ready to make a smart offer. Here’s how the process works:
First, you and your agent will craft a written offer. Here is where your Pre-Approval comes in, as you will need one to submit the offer to the Seller/Seller’s agent. Several things can happen here...
The seller accepts, counters or declines the offer.
If the offer is accepted, you move on to the next step. If the seller makes a counteroffer, you either accept that counter, or make a new offer.
Do not worry, your Realtor® will do all this work on your behalf! The written offer you craft with your Realtor® is legally binding, and is a Residential Sales Agreement that complies with applicable state and local laws.
Once your offer is accepted.. now the real work begins...
Several things go into play once your offer is accepted, and there is much more work to be done.
Here is an overview of the next steps- again your Realtor® walks with you through all of these steps...
You will make formal mortgage application and be sure to provide your Mortgage Loan Officer with all he or she needs as quickly as possible.
Next, Home Inspections are scheduled to make the house is sound. If repairs are needed, your Realtor® will negotiate those on your behalf.
The Appraisal will be ordered by your bank to make sure the home is worth the amount agreed upon in the sales agreement. At this time, you also choose a home insurance co. to ensure your new home and it’s contents.