Making an Offer

Once we have found a home you would like to make an offer on, I will do a comparative market analysis to determine what similar homes are selling for. With this data and looking at current market conditions we will determine a price to offer the seller. Next, I will complete the Earnest Money Agreement (aka the contract) and we will go over it together in detail. At this point I will need an earnest money check from you. The amount of the earnest money check depends on the price of the home, the higher the price of the home the higher your earnest money check will be. It's purpose is to show the sellers you are serious about purchasing their home; in the event a buyer were to back out at the last minute the seller is entitled to keep the earnest money. The earnest money also goes towards the buyers down payment. For example, if your earnest money check were $1,000 and your down payment is $7,000 you would only need to bring $6,000 to the closing table. The earnest money check is only deposited with Escrow if your offer is accepted.

Once I submit your offer to the seller it may be accepted, rejected or the seller may counter your offer. At this time we will analyze your options for moving ahead.