STEP 4 : Buying a home

The Home Buying Process - Step four

You found the one and are ready to make an offer. We will discuss comps around the neighborhood, and strategically plan the best route to take when submitting the offer.

A few things we will discuss, for starters the offer price. Are we offering lower/higher or exactly what they are asking? How long are we going to ask for the Option period to be? Do we want to ask them for home warranty or any items in the home to be left? What day works best for you to close on? Before the offer is sent over we will discuss all these details to make sure it works best with you and is appealing to the Sellers. ​

Option Period is essentially a number of days you have to decide if you are moving forward with the home. This is when you will have inspections done and negotiate repairs and or credit with the seller. If you are satisfied at the end of your option period you move on to closing. If you are not satisfied and no longer want the home, you have the option to terminate the contract and only lose your option money which is typically somewhere around $300-$500 depending on the sales price and how aggressive we needed to make the offer. More option money and less days shows you are being aggressive and really want the home.

QUESTIONS?