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Step 1: Prepare to make
an offer
• Revisit the neighborhood at various times of day and night
• Talk with prospective neighbors to discuss what it's like to live in the area
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Look at the home more critically to discover any overlooked flaws or attributes
Review:
• Market value of home
• Home's condition
• Special circumstances
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Step 2: Review pre-qualification
• Finalize the exact amount you can pay for a home.
• Seek advice from your real estate sales professional regarding comparable homes in the
neighborhood and ask for any other relevant information.
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• Submit purchase and sale agreement to real estate agent. This document includes:
• Description of property
• Price offered
• Down payment
• Earnest money
• Financing (for example, subject to you being able to obtain a satisfactory mortgage. You can go as far as to state maximum interest rates, specific terms, etc.)
• Contingencies
• Closing date
• Occupancy date
• Length of time offer is valid
• Inspections (for example, subject to an acceptable whole house inspection report)
• Any other requirements based on advice from your real estate sales professional
• Submit earnest money to show seller you are serious about your offer. Check with your
real estate sales professional regarding a customary
amount of your "good-faith" payment. (No set amount/type
is required.)
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Step 4: Seller response
• Acceptance
• Counteroffer
• Rejection
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