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Once you have found the home you wish to purchase, you will need to determine
what offer you are willing to make for the home. It is important to remember
that the more competition there is for the home, the higher the offer should be,
sometimes even exceeding the asking price. Remember, be realistic. Make offers
you want the other party to sign!
To communicate your interest in purchasing a home, we will present the listing
agent with a written offer. When the seller accepts an offer it becomes a legal
contract. When you write an offer you should be prepared to pay an earnest
money deposit. This is to guarantee that your intention is to purchase the property.
After we present your offer to the listing agent it will either be accepted, rejected,
or the seller will make a counter offer. This is when we will negotiate terms of
the contract if necessary.
The step-by-step contract procedure for most single-family home purchases is standard. The purchase
agreement used is a standard document approved by our local Board of Realtors.
The purchase agreement or contract constitutes your offer to buy and, once accepted by the seller,
becomes a valid, legal contract. For this reason, it is important to understand what is written
on the contract offer. We will explain the Residential Purchase Agreement (RPA) to you,
line-by-line!
Hurst Home Realty will be with you every step of the way…..so relax! |
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