Steps to Preparing an Offer to Purchase a Home


Steps to Preparing an Offer to Purchase a Home
By Scott Rogers • May 30, 2014
How, you might ask, do we go about getting from the point of wanting to make an offer --- to actually making the offer? Here's a brief overview.... Obtain a pre-approval letter from a lender. View the property. Ask follow up questions of seller. (utility costs, age of house components, reasons for selling, motivation level, timing logistics) Research comparable sales to determine market value. Research restrictive covenants, deed restrictions, septic system details, survey, etc. Discuss negotiation strategies. Determine main terms of offer. (price, timing, contingencies) Draft and review offer documents. Sign (in person or electronically) offer documents. Submit offer documents to the seller and (patiently?) wait. Let me know if you have questions about this process -- and know, of course, that the process looks slightly different for each buyer and for each property. This is a general guide, but not a required list and sequence. Receive Updates by Email Recent Articles: OK, False Alarm, Most Homes Are Still Selling Very Quickly How Quickly Are Homes Selling These Days? Middleburg at Stone Spring, To Include Up To 500 Apartments, Proposed Adjacent To The Reserve At Stoneport A Rough Two Years For Rising Mortgage Interest Rates Home Buying Activity Will Slow But Not Stop Over The Winter Demand Is Likely To Keep On Rising For Contractors And Home Renovators Update On City Of Harrisonburg Townhouse Market Trying To Buy A Home... A Story Of Being All In, Then Bowing Out, And Now Being Ready To Jump In Again Sometimes Upgrade Your Home (Selling And Buying) Results In An Even Larger Upgrade In Your Monthly Payment Despite Fewer And Fewer Home Sales, There Are Plenty Of Reasons Why Buyers Will Still Buy And Sellers Will Still Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Dec 11, 2023 (unless otherwise noted).
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