Bids And Offers: A Buyers Guide

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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.


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