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Step 6: Write an Offer

Posted by: raindrop 6 years ago

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We use a standard set of forms provided by the California Association of Realtors, which have been developed to include numerous sale conditions.  We will carefully review the purchase offer with you, prior to signing it, so that you understand all of the terms of the offer.

How Much?

You sometimes hear that the amount of your offer should be x percent below the seller's asking price or y percent less than you're really willing to pay. In practice, the offer depends on the basic laws of supply and demand: If many buyers are competing for homes, then sellers will likely get full-price offers and sometimes even more. If demand is weak, then offers below the asking price may be in order. 

We will provide you with a Comparative Market Analysis to give you the most recent sales data in the neighborhood so that you can best decide what to offer.

How do you make an offer?

To make an offer, we will write up a purchase agreement that we will submit to the Listing Agent of the property.  The owner will review the offer and may accept it, reject it, or make a counter-offer.

A counter offer is a response to the Buyer's purchase offer with any terms that the Seller would like to change.  The Buyer will review the proposed changes, and either accept, reject, or submit another counter offer.

Once we have an accepted offer, we will proceed to Step 7: Open Escrow.

 

For more information, click here or contact Kate Gillingham.

Information provided courtesy of www.realtor.com.

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