The Basics of Making a Real Estate Offer
If you are in the market for your first home, you can team up with a very experienced and knowledgeable real estate professional who will help guide you through the complex and often complicated buying process.
When a buying a home- most likely the biggest purchase you are ever likely to make- you want to be as prepared and educated as you can be, so you will know exactly what is going on while your agent is working to get the best deal for you.
Harry Khayalian spells out the basics you need to know when taking that big step and making an offer on a property.
“A written proposal is the foundation of a real estate transaction. Oral promises are not legally enforceable when it comes to the sale of real estate. Therefore, you need to enter into a written contract, which starts with your written proposal.
This proposal not only specifies price, but also all the terms and conditions of the purchase. For example, if the seller offered to help with $2,000 toward your closing costs, make sure that’s included in your written offer and in the final completed contract, or you won’t have grounds for collecting it later.”
The more you know about what is going on behind-the-scenes between brokers and the negotiating that usually takes place during a home sale, the better experience you will have.
Click through now to read Harry Khayalian’s blog.
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February 06 2010 04:09 pm | Real Estate News