Elements of an Offer
Once you have found the home you are looking for, it is time to put in an offer. There are few elements that essential to making an offer.
Price
The amount you are willing to pay for the property. I will guide you with relevant market data and experience to figure out the best price for you.
Deposit
The deposit amount is a sign of good faith that you are going to complete the agreement and pay for the rest of the purchase price. The deposit amount is credited towards the purchase price on closing. Depend on the price of the home you are buying, I can advise you as to the proper amount.
Terms
Includes the purchase price and financing details.
Conditions
There are times when an offer is submitted where conditions are included for either the Seller, the Buyer, or both. These conditions can include a home inspection clause, securing financing, the sale of another property, making sure the well and septic systems are in good working order. Conditions are used to protect parties so that they have time to assure themselves that they can fulfill the agreement.
Inclusions and Exclusions
Often a home is sold with appliances, furnishings, pool equipment, light fixtures or other decorative items. All items that are staying with the property are clearly spelled out so that all parties involved know exactly what is staying and what is going to the old owners.
Closing Date or Possession Date
This is the date that title for the property and the transfer of funds takes place. This is the date most people look forward to the most; the date you get your new home!
