Make an offer.

Once you find a home, you will make an offer to purchase the home from the seller. To reach an agreement, you will be considering more than just price.

Typically, an offer includes the following information:

• Proof of funds, or pre-qualification/pre-approval letter

• Earnest money - a deposit made with the seller representing good faith in your promise to purchase the home*

• Termination fee - A fee paid to the seller if you decide to terminate the contract during a specific time frame.

• The amount you are willing to pay, known as the “Purchase Price”

• Mortgage amount (if any) and type of financing that you must receive in order to purchase the home

• Contingencies, including the mortgage commitment, appraisal and inspections

• Inspections include, but are not limited to: structure, mechanical, termite, CL-100, pest, radon, well, septic, lead, environmental and oil tank

• Seller concessions such as seller-paid closing costs and/or sellerpaid home warranty

• Personal property specifically included or excluded (refrigerator, washer/dryer, drapes, area rugs, plants in movable containers, grills, etc)

• Closing and occupancy dates

Discuss current market dynamics with your Coldwell Banker Caine Realtor®. If sellers often receive multiple offers on homes in your desired neighborhood, your Realtor® can help you make the most competitive offer upfront. If the seller counters your initial offer, your CB Caine will provide strong assistance and advice during the negotiating process.

When all parties have agreed to the terms and have signed/delivered the paperwork, you will be under contract to purchase your home!

*Discuss the Earnest Money and Wire Fraud Disclosures with your Coldwell Banker Caine Realtor®