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Once you have found the right property,
the next step is to make
a purchase offer to the seller.
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- Determine the price you want to offer.
- The price the seller is
asking may or may not reflect realistic market value.
- The best way to determine market value is with a Comparative Market
Analysis (CMA) showing similar properties that sold recently, those
that
are currently active on the market and those that failed to sell.
- I will discuss with you an estimate of costs associated with
purchasing
this property.
- Decide on financing.
- We will review together the status of your
loan pre-approval.
- We will work together with your loan officer to explain financing
options
and help you determine the mortgage plan that best fits your
requirements.
- Decide on other issues that are important to you, such as:
- Items of personal property you want included with the house.
- Warranty, inspections, repairs or other home enhancements by the
seller.
- Closing date and possession.
- I will present your offer.
- The seller will have three choices: accept your offer as it is
presented;
reject it completely; or propose adjustments to your offer (counter
offer).
- If there is a counter offer, you can choose whether to accept
it, reject it or counter it.
- Once you have reached agreement with the seller, you will have a
firm contract
to purchase the home.
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