How to Make an Offer
When it comes time to make an offer, your
Craig Laine Realty Inc. Professional can provide current
market information and will assist you in drafting your
offer.
Make the Offer:
Your Craig Laine Realty Inc. Professional will communicate
the offer, sometimes known as an Offer
to Purchase (a legal document which specified the terms
and conditions of your offer to purchase the home)
to the seller, or the seller's representative, on your
behalf. Sometimes there may be more than one offer on
a property coming in at the same time. Your Craig Laine
Real Estate Professional can guide you through this
process.
The Offer:
The offer can be firm
or conditional.
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.
Conditional Offer to Purchase:
means that you have placed one or more conditions on
the purchase, such as "subject to home inspection",
"subject to financing" or "subject to
sale of buyer's existing home". The home is not
sold until all the conditions have been met.
Acceptance of the Offer:
Your Offer to Purchase will be presented as soon as
possible. The seller may accept the offer, reject it,
or submit a counter-offer. The counter-offer may be
in reference to the price, the 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.
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