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Once you have chosen the property of your dreams, it's time to make an offer.
We
will present your offer on your behalf and negotiate the offer to your best
interest. Either to the listing agent, seller or both, depending on the
circumstances. You will not have to concern yourself with being present at the
offer. This is a time of delicacy and diplomacy. This is where you will want the
experience and expertise of your agent to take over. Before this meeting,
several things should occur.
First, we will advise you if the price of the property is good or if it is
priced high. One way to determine this is to search the comparable properties
around your selection to determine their selling price.
Second, if you have not already done so, we will receive a letter of
pre-approval from a lender. This will likely be necessary for the seller to consider your offer, or accept your offer over another.
Then, we will then write up the actual purchase and sale agreement determining all
the terms and conditions of the sale. This agreement is then given to the seller
and the seller's agent for consideration.
All transactions vary in terms of when you can expect a reply.
We will present
the offer as quickly as possible, before another buyer can either enter into the
situation as competition. I will push for a quick response to avoid another
buyer entering the picture.
The buyer and seller both have to sign the offer before it is
a legal and binding contract. Until that moment, other buyers or offers can
enter into the picture, jeopardizing your position. For that reason, speed and
timing is of the essence.
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