Steps to Preparing an Offer to Purchase a Home


Steps to Preparing an Offer to Purchase a Home
By Scott Rogers • May 30, 2014
How, you might ask, do we go about getting from the point of wanting to make an offer --- to actually making the offer? Here's a brief overview.... Obtain a pre-approval letter from a lender. View the property. Ask follow up questions of seller. (utility costs, age of house components, reasons for selling, motivation level, timing logistics) Research comparable sales to determine market value. Research restrictive covenants, deed restrictions, septic system details, survey, etc. Discuss negotiation strategies. Determine main terms of offer. (price, timing, contingencies) Draft and review offer documents. Sign (in person or electronically) offer documents. Submit offer documents to the seller and (patiently?) wait. Let me know if you have questions about this process -- and know, of course, that the process looks slightly different for each buyer and for each property. This is a general guide, but not a required list and sequence. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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