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Making An Offer? Read This.

The most exciting (and potentially stressful) time in the home buying process is when you've found the home that you want to buy, and you are putting together an offer that will both get you under contract and also ensure that you get a good deal.

As a buyer, maximizing your protections involves a trusted team. I believe your team not only includes me, it also includes a connected lender (loan officer, mortgage specialist). I work closely with you and the lender as your advocate and guide, providing insights and resources into crafting an offer, wading through the negotiations, and then ultimately conquering all the contractual hurdles to get to the closing table - confidently and comfortably.

What should you expect? I will help you draft the offer with a price and your terms. What you decide will be based on comparative market analysis of properties and best practices relevant in the market. When deciding on an offer price, you should take into consideration the most recent market data for the surrounding neighborhood and comparable homes. I will do my diligence and give you the information you need to answer questions like: "What have other homes sold for? How do they compare to the home you've chosen in terms of size, features, and amenities? Are there other offers on the table that you are competing against?"

Depending on how active the market is and whether there are competing buyers, you want to structure your offer to entice the sellers to pick yours. If it's more of a buyer's market you may be able to include concessions (like a closing cost credit) that will benefit you. Terms include what you want to offer as earnest money (a guarantee that you'll perform as a buyer in good faith), and contingencies for financing, appraisal, and inspections.

The waiting is the hardest part. Depending on our strategy, the offer will include a tight deadline or a default 3-day, which states that "time is of the essence." When you hear back from me, you may have more negotiations if the seller countered your offer. When both sides have agreed to and signed off on all terms and details, the offer is considered 'ratified,' and you have a binding contract to purchase.

Sounds like a lot? Well, it is, but Your #1 Phan will be with you every step of the way!

Ask me about important incentives I offer (home warranty, contribution to inspections) to help you make a confident decision about the home you are about to purchase.

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