Steps To Making An Offer:
There are many factors that influence the market value of a home. I will give you the insight and information you need to make an offer you’re comfortable with. Some of the factors include:
• How long the home has been on the market • If the price has been reduced and by how much • Past list and sale history • How much the home is worth—I will provide a comparable market analysis (CMA) showing the list and sale prices for similar homes in the area of the home you’re interested in • If there are multiple offers • Other items that might be included in the sale (furniture, sound system equipment, etc) • The “list to sale price ratio,” an indication of how competitive the market is for homes in the area • Area market trends (appreciation) • Why the seller is selling and their timeline • Age of mechanicals and appliances • Age of the roof, last time the brick/block was sealed, etc • Any updates/upgrades since seller last purchased the home • If there is an HOA, what is the balance of reserves, any upcoming/planned projects and will a special be assessed Once you decide on your offer’s price and terms, I’ll prepare the paperwork and send it for your e-signature via DocuSign. After your sign-off, I’ll verbally present the offer to the seller’s agent, followed by an email that includes the offer and your pre-approval letter, emphasizing the offer’s main points. Should the seller choose to negotiate, countering on various terms like price, closing date, and more, I’ll strategize with you to secure terms that meet your needs and budget. Negotiations will be handled through calls, texts, or emails. Once an agreement is reached, the updated offer will be sent to you for signing via DocuSign, again. With the offer signed by all parties, you officially enter into a contract, kicking off the transaction timeline.
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