Becoming A Strong Buyer Buyer's Questions & Answers To Draft An Offer
Purchasing a home is a HUGE endeavor and our goal is to make this an easy and painless process.
The fun part is finding the home! No home has 100% of what you want but if we can get to 80% you should be home free and you should “just know” when you have found the right one.
Once the home is picked out there are certain things to consider and we begin with; what is the main objective with this property? Often what we first focus on is price but many other items should be considered as well. If applicable, we will address the following information in this guide at some point in this process.
If you want to make an offer to purchase, here are some things to start thinking about:
- OFFER NAME — In what name do you want to make the offer? Just your name (full legal name, trust, corp.) or are you buying with someone else? For ease of the transaction we can write in one of your names with and/or assigns so I only need one signature on all documents.
- PURCHASE PRICE — What do you want to offer and what items would you like included in that price?
- MONEY DOWN — How much earnest money would you be comfortable putting down within 10 days of acceptance?
- CLOSING — When you would like to ideally close the transaction. What is your best situation?
- BUYER’S OR SELLING AGENT — Are you comfortable with me as a Selling Agent or as a Buyer’s Agent? Most people come to me because of my reputation for professionalism and fairness so if I am the listing agent are you comfortable with that?
- CONTINGENCIES — Contingencies you want included with your initial offer. Such as: well, water, septic, home, financing and appraisal... Do you have any other concerns there? Are you concerned about lot lines? Are the new FEMA maps going to be problematic?
- CONTACT — Are you comfortable receiving faxes at your work place? Can you do electronic delivery? What is most convenient and feasible for you?
- FINANCING — How much do you have down and what type of financing are you looking for? If purchasing a condo/ seasonal/ vacant land, or investment property we may need to talk with your banker regarding terms prior to drafting the offer.
- PROPERTY USE — Is this for personal use or will it be used as an income generating property? This can make a difference in how we draft your offer.
- ITEMS INCLUDED — Other than appliances - is there anything else you will eventually like to try and purchase from the seller? Remember to ask me about the Bill of Sale.
- OTHER ITEMS — In general, are there any other questions or issues surrounding the process that haven’t been covered here you are concerned about? (Such as early occupancy... etc.)