Making An Offer
When it comes time to make an offer, we will provide you with current market information and will assist you in making important decisions with respect to what price, closing date, deposit amount and conditions to offer. We will be responsible for drafting the Agreement of Purchase and Sale, presenting the offer to the listing agent, and representing your best interests throughout the entire process.
Firm Offer to Purchase
Usually preferable to the seller, because it means that you are prepared to purchase the home without any conditions. If the offer is accepted, the home is yours. We rarely, however, recommend this course of action, and instead suggest a conditional offer to purchase.
Conditional Offer to Purchase
Usually means that you have placed one or more conditions on the purchase, such as “subject to home inspection” or “subject to financing”. You ask the seller in your offer for 5-7 business days to ensure that these conditions can be met, and we proceed by going ‘firm’ in either waiving or fulfilling these conditions.
Acceptance of Offer
Your Offer to Purchase will be presented as soon as possible, GENERALLY in less than 24 hours. The seller may accept the offer, reject it, or submit a counter-offer. In this counter, the seller may want you to pay a different price, suggest a different closing date, or any number of variables. The offers can go back and forth until both parties have agreed or one of you ends the negotiations. At time of acceptance, we shift into high gear trying to fulfill the necessary conditions.