How to write an Purchase Offer
From the time you find a home you’re interested to buy, the next thing to do is to write an offer, which is not as plain as it may look. This is also the beginning of transacting a contract of sales with the seller. And this step will greatly help you achieve what you want, which is your goal. In writing an offer, you should always consider the seller’s reaction by putting yourself in his position. Imagining how they would react with the things you included on the offer will help you in attaining your goal.
The offer is not just thinking of a price and then saying that “This is how much I am willing to pay for the home.” It is more complicated than that. Much more that, because of the huge amount of dollars involved and the “tough” days for the economy these days, both you and the seller of the property would want to increase the security of your investment and reduce the risks to be taken.
There are other information that should be included your offer. It doesn’t just contain the price you are going to allot for the home. It should also include how you propose to spend for the property, your down payment, the closing cost and who shall pay for them, inspections and repairs that needs to be accomplished, timetables, inclusions, if there is any, of the personal properties, cancellation terms, whose professional services will be employed, the date of the possession of the real estate, and the procedures to satisfy, if there will be, any disputes.
Writing an offer is very important and requires more concern than just buying a car.
Taking half an hour for making decisions on writing an offer when buying a home will affect both yours and the seller’s life. It will affect your finances more than any other investment you did in the past. And it will also affect the seller’s finances, the reason why they will give a proper review on your offer. This is a crucial part for the rest, of both you and your client’s life.
This may sound like an exaggeration. But is it familiar? Many, if not all, real estate books and articles speak of the same fact.
They say the same thing because it is true.
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