#5  MAKING AN OFFER

10 Steps to Buying Your Home
 Needs Analysis
 Preapproval vs. Prequalification
 Neighborhood Information
 Home Search
 Making an Offer
 Negotiating to Buy
 Vendor Coordination
 Pre-close Preparation
 Closing
 Post-Closing

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Now that you have found the home you would like to purchase, it's time to make an offer. Taking into account the recent sales of homes in that neighborhood which are similar in size, quality, conveniences, and amenities, what are you willing to pay for the home?

Make sure that you have everything down in written form... no verbal agreements. Present the seller with a written document detailing what needs to be done by both parties to execute the transaction. The contract should protect the best interests of all parties involved and should be comprehensive in nature. Once it is accepted by the seller, it may be too late to make any changes, so make sure review your offer thoroughly before submitting it. The contract, though not limited to this list, should include the following:

  • A legal description of the property
  • The offering price
  • The down payment
  • Financing arrangements
  • A list of fees and who will pay them
  • Amount of the deposit
  • Inspection rights and possible repair allowances
  • The method of conveying the title and who will handle the closing
  • A list of appliances and furnishings which will stay with the home
  • The settlement date
  • Any relevant contingencies

Remember that the legalities of this phase are very important. If you have any questions or concerns, they need to be addressed right away. After all, no one has ever said at their closing, "I wish I had asked fewer questions."

Connie Johnson's team can save you time and money by making sure that your contract meets all the legal requirements according to local and national guidelines. they will be able to expertly advise you on how to create an offer that will have the best chance of being accepted. They will also ensure your financial position as the buyer by including any necessary contingencies which would protect you if a particular requirement is not met.



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The Southwest Multiple Listing Service has not verified the information contained on this website and is only providing information supplied by the Seller, subject to errors and omissions. The service does not assume responsibility for accuracy of such information. Purchasers should always personally verify all information. Information Deemed Reliable But Not Guaranteed. - Albuquerque Metropolitan Board of REALTORS® Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Any use of the data or search facilities on this site is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing.

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