Touring homes and visiting open houses in the neighborhoods you are interested in is one way to familiarize yourself with the market and develop a relationship us. Today, most buyers look online first, educate themselves on the neighborhood online then they will drive by the home, prior to ever calling an agent to view the home. Then the buyers are searching for specifically what they want. Once you find a home that fits your needs, we will draw up a Contract of Sale, or Purchase and Sale Agreement. This document defines the proposed purchase price, the terms, and the timing of the close on behalf of the buyer. The contract also serves as direction to the escrow company to close the transaction. We will present to the seller and then negotiate the terms mutually acceptable to all parties. Of course, the seller is free to accept or reject any offer, or to propose a counteroffer revising the original terms. In addition to the price you are willing to pay, the formal offer will consist of specific deadlines, including an offer expiration date, a closing date, and possession date. When securing your offer, you must also outline the earnest money deposit amount, which you place in an escrow account or client trust account as a good faith intention to complete the transaction. Your offer is based on contingencies related to financing and inspections. If you have a house to sell, your offer may also be contingent on its sale. During the home buying process, We will offer you valuable market information by assessing current competition and past sales of similar homes. By preparing a Competitive Market Analysis, we will help you formulate an offer for your desired property. We will also provide you with assistance in evaluating any counteroffers and contingencies that may arise in the process |