Monday, December 5, 2016

Real Estate Tips: Rules to Follow When Making an Offer on a House

The road to buying a house can be full of confusing turns and rough patches. To make the entire experience quick and easy, a number of people work with real estate professionals who can provide them with valuable advice and guidance. If you already found a dream home or maybe just a lovely property that has piqued your interest, having a real estate pro on your side can guarantee that you do things right and to your advantage, especially when you make an offer.

Things to Include When Making an Offer

The purchase offer is a comprehensive document and process that real estate agents know like the back of their hands. Consider the offer as the “binding sales contract” so it needs to be detailed and specific as possible, leaving no room for misinterpretations. Given its important role in the final sale, the offer should include key details such as the address and legal description of the property, terms of the sale, sale price, target date for closing, insurance provisions, amount of the earnest money deposit, and other contingencies (i.e. home inspection, financing).

Not Too Low and Not Too High

There is a fine line between a good and a bad offer. Make a good offer and the house is yours; make the mistake of going too low and you can say goodbye to your ideal home. When you consult a real estate pro in your area who knows the usual prices and comparative value of properties, you’ll have a clearer picture of the best offer to make. This ensures that you get the most of your investment and enjoy enough savings without insulting the seller or property owner.

Real estate offers can be tricky but you can take the uncertainty and complexities out of the equation by working with a professional from an established real estate firm.

The Basics of Making an Offer on a House,