Preparing Your Offer
You've made your choice on your new Boston Condo...
Now its time to make an appropriate offer.
Now that you have found the home you want to buy, your Realtor can now work with you to complete and present an offer. In addition to price, the offer includes other terms such as Financing, Inspections, a closing date and other contingencies that must be completed or resolved prior to closing.
You're offer may be accepted right away, or you may go through a period of negotiations. Your goal as a qualified buyer is to present an offer that demonstrates your seriousness in purchasing the property you choose. Here are some steps that you will be taking at this point.
- Understand and discuss all aspects of the purchase.
- Determine the earnest money deposit amounts, financing options and terms.
- Setting a closing date, place and time.
- Confirm the time allowed for inspections prior to commitments.
- Clarify all improvements and repairs.
- Confirm inclusion or exclusion or non-real estate items or furnishings.
- Get an explanation of all addendum's and contingencies.
- Negotiate through multiple offers, if necessary. Remember, its always better in writing.
- Obtain property disclosures.
- Confirm closing costs to you as a buyer - Appraisal, title work, tax and interest prorations recording fees, transfer tax and more.
- Review all sales statements and agreements.
Good of luck !
For more information on buying or selling a home in Boston, go to my buyer page.
Posted at 12/08/2011 11:41 AM by
David Sampson
Categories:
Buying
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