BUY PROPERTY
STEP 5 - MAKE AN OFFER

 

 

By now, you and I should have found the property for you to purchase, it's time to make an offer. Consider the recent sales of properties in that area, which are similar in size, quality, conveniences, and amenities, to determine what you are willing to pay for the property? I will consult with you and advise you on how to create an offer that will have the best chance of being accepted.

I will ensure that you have everything down in written form. No verbal agreements. After putting your offer in a written contract that meets all the legal requirements according to local and national guidelines, I will present the seller with a written document detailing what needs to be done by both parties to execute the transaction. The contract should protect the best interests of all parties involved and should be comprehensive in nature. I will also ensure your financial position as the buyer by including any necessary contingencies, which

 

would protect you if a particular requirement were not met. It may be too late to make any changes once the seller accepts the offer.

The contract, though not limited to this list, should include the following:
· A legal description of the property
· The offering price
· The down payment
· Financing arrangements
· A list of fees and who will pay them
· Amount of the deposit
· Inspection rights and possible repair allowances
· The method of conveying the title and who will handle the closing
· A list of appliances and furnishings that will stay with the property
· The settlement date
· Any relevant contingencies

Remember that the legalities of this phase are very important. If you have any questions or concerns, they need to be addressed right away.