Once you find the home you want to buy, the next step is to write an offer-which is not as easy as it sounds, Your offer is the first step toward negotiating a sales contract with the seller. Since this is just the beginning of negotiations, you should put yourself in the seller's shoes and imagine his or her reaction to everything you include. Your goal is to get what you want and imagining the seller's reactions will help you attain that goal.
The offer is much more complicated than simply coming up with a price and saying, "This is what I'll pay." Because of the large dollar amounts involved, both you and the seller want to build in protections and contingencies to protect your investment and limit your risk.
In an offer to purchase real estate, you include not only the price you are willing to pay, but other details of the purchase as well.This includes how you intend to finance the home, down payment, who pays what closing costs, inspections, timetables, whether personal property is included, terms of cancellation, any repairs you want performed, which professional services will be used, when you get physical possession of the property, and how to settle disputes should they occur.
Buying a home is a major event for both the buyer and seller. It will affect your finances more than any other previous purchase or investment. However, it is more important than just money. In the half hour it takes to write an offer you are making decisions that affect how you live for the next several years, if not the rest of your life.
The offer is much more complicated than simply coming up with a price and saying, "This is what I'll pay." Because of the large dollar amounts involved, both you and the seller want to build in protections and contingencies to protect your investment and limit your risk.
In an offer to purchase real estate, you include not only the price you are willing to pay, but other details of the purchase as well.This includes how you intend to finance the home, down payment, who pays what closing costs, inspections, timetables, whether personal property is included, terms of cancellation, any repairs you want performed, which professional services will be used, when you get physical possession of the property, and how to settle disputes should they occur.
Buying a home is a major event for both the buyer and seller. It will affect your finances more than any other previous purchase or investment. However, it is more important than just money. In the half hour it takes to write an offer you are making decisions that affect how you live for the next several years, if not the rest of your life.
No comments:
Post a Comment