Once you
find the home you want to buy, the next step is to write an offer – which
is not as easy as it sounds. Your offer is the first step toward
negotiating a sales contract with the seller. Since this is just the
beginning of negotiations, you should put yourself in the seller’s shoes
and imagine his or her reaction to everything you include. Your goal is to
get what you want, and imagining the seller’s reactions will help you
attain that goal.
The offer
is much more complicated than simply coming up with a price and saying,
"This is what I’ll pay." Because of the large dollar amounts involved,
especially in today’s litigious society, both you and the seller want to
build in protections and contingencies to protect your investment and
limit your risk. Real Estate for sale in Cincinnati.
In an offer
to purchase real estate, you include not only the price you are willing to
pay, but other details of the purchase as well. This includes how you
intend to finance the home, your down payment, who pays what closing
costs, what inspections are performed, timetables, whether personal
property is included in the purchase, terms of cancellation, any repairs
you want performed, which professional services will be used, when you get
physical possession of the property, and how to settle disputes should
they occur.
It is
certainly more involved than buying a car. And more important.
Buying a
home is a major event for both the buyer and seller. It will
affect your finances more than any other previous purchase or investment.
The seller makes plans based on your offer that affect his finances, too.
However, it is more important than just money. In the half-hour it takes
to write an offer you are making decisions that affect how you live for
the next several years, if not the rest of your life. The seller is going
to review your offer carefully, because it also affects how he or she
lives the rest of their life.
Real Estate for sale in Cincinnati.
