Writing an Offer
What happens when an offer is submitted? So excited! You found the home that you want to live in, so now it is time to write an offer. The location, the price, how long it has been on the market, and other variables will play into what your offer will look like. We will work together to make the offer competitive, considering the current market. Your formal offer will be documented in writing on a purchase contract. The offer will include, among other terms: Sales Price Earnest Money Amount (Typically 1% of the purchase price, more if you want to show you are a serious buyer) Seller-Paid Concessions, if any (Usually in the form of prepaid closing costs and credit at closing) Contingencies (A condition specific to the offer. Do you have a home to sell? Other common contingencies are financing, inspection, and appraisal) Personal Property (These are items you are requesting as part of your offer. Common requests include refrigerators, washer, dryer, sheds)
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