| Make an Offer |
When you make an offer, you commit to one home.
You sign a contract to purchase, which is legally binding if
the seller accepts. You also write out your first big check
for a good-faith deposit, which you can apply to the down payment
at closing.
The more carefully you research the market, the neighborhood,
comparable homes, and current property values, the more quickly
and confidently you can decide what price to offer. |
Focus on the facts:
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Are you making
an offer that you can afford? |
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Have there been, or are there,
any other offers? |
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What is the apparent condition of the property? |
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Why does the seller want to sell? |
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What contingencies, or conditions, do you need? |
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If seller comes back with a counteroffer, what's
negotiable? |
Writing up the actual contract is
simple. Most states have standard contracts that can take as
little as an hour to fill out. |