We will guide you through every step to create an offer that fits your needs while being competitive in today’s market.
It’s time to write an offer
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What to consider to determine an offer price
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Days on market
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Amenities compared to recently sold homes in the area
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How motivated is the Seller?
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Everything is negotiable
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Closing costs
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Home warranty
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Termite inspection
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Termite clearance
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Seller credit toward Buyer closing costs
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Decide on a close of escrow date
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Typical escrow is 30 days from an accepted offer
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Do you have to give 30 day notice to your landlord?
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Talk to your lender to determine how much
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Earnest money deposit
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You will need to provide an initial deposit that shows the Seller that you are committed to this property. As a general rule, it is 1% of the purchase price but there is a lot of latitude in the amount you offer.
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Your earnest money deposit is refundable until you remove all of your contingencies in writing.
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Contingency periods
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Determine the number of days you will need to complete your inspections, have the home appraised and loan fully approved.
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Present the offer to the Seller’s agent
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Seller can accept the offer complete as it is written
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Seller can make a counter offer (most typical)
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Seller can counter on price, close of escrow, terms, etc
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Counter offers can continue until a mutual agreement is reached or one of the parties walks away and the offer falls out
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Seller can reject the offer and not counter the offer