Bids And Offers: A Buyers Guide

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Bids And Offers: A Buyers Guide

Bids And Offers

From The Buyers perspective

Buying a home is a business process that requires multiple parties and services including financing, home inspection, title insurance, etc. The goal of bids and offers is to reach a clear, legally binding agreement between buyers and sellers of a home.

Here are some guidelines you should follow, as a buyer:

Do not personally contact the seller. Let your Realtor do the negotiating.
Make a reasonable offer. Check out comparable home's prices, discuss the matter with your agent and consider what you can afford. You should have a good idea of what the home is worth, so you can make an offer you deem fair.
Decide when you’re OK walking away. If you’ve done your homework, then you have a good idea of the subject property’s value. How much can you afford? At a certain number, the property won’t be attractive anymore, so identify that number beforehand, and be ready to walk away without any regrets.
Include everything in the bid that you want included in the sale -including home inspection service, repairs, appliances, etc. Spelling out all specifics in the contract will result in a clear understanding at closing.
Avoid giving your personal opinions about a home when the seller is present during the house tour.

If you have questions regarding any step of the buying process or require more information, please contact us.

Bids And Offers: A Buyers Guide

Bids And Offers

From The Buyers perspective

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