| Congratulations on making it to this part of | | | | are several piece of information you need to |
| the home purchasing process! | | | | include. The selling price is one of the most |
| | | | obvious. You don't have to offer the seller's |
| You've found a home that you like and are | | | | asking price. You can go higher or lower as |
| ready to make a home offer on it. | | | | you so choose. Of course, the price you offer |
| | | | will depend on the amount you can afford to |
| Before you put your offer in writing, make | | | | pay. |
| sure you understand what information you | | | | |
| should, and should not, include in the home | | | | Your home offer should concessions that you |
| offer. | | | | wish for the seller to make. For example, if |
| | | | you want the seller to pay a portion of the |
| This article will help you. | | | | closing costs, this information must be |
| | | | included in the offer. |
| The first thing you should do is forget about | | | | |
| the myths you've heard about making a home | | | | You have the ability to stipulate that the |
| offer. Many people buyers believe that once | | | | home offer is contingent upon certain |
| they've put in an offer on a home, that they | | | | financing criteria. This keeps you from |
| still have the liberty to shop around. | | | | having to purchase the property if you do not |
| | | | receive favorable mortgage terms. |
| While this is true, to some extent, it's in | | | | |
| your best interest not to make any additional | | | | Don't leave out home inspection |
| offers while you still have one on the table. | | | | contingencies. Otherwise, you could end up |
| | | | purchasing a home that needs major work done |
| A home offer made on a piece of property is a | | | | to it. Your offer should include something to |
| legally binding contract. Should the buyer | | | | the effect of "subject to an acceptable whole |
| accept your offer, you are held to the offer. | | | | house inspection report." Of course, if you |
| | | | are purchasing a fixer-upper, these |
| There's another big reason why you shouldn't | | | | contingencies might vary. |
| continue to shop around after you've made a | | | | |
| home offer on a house. If you find a home you | | | | Don't make the assumption that everything you |
| think you like more than the one you've made | | | | see in the house will be included when you |
| an offer on and the seller accepts your home | | | | make the final purchase. This includes |
| offer, you are in an unfortunate situation. | | | | appliances such as stoves and refrigerators. |
| You will likely regret the decision to | | | | You must clearly define what is included in |
| purchase the home for as long as you live in | | | | the sale. |
| it. | | | | |
| | | | Finally, you should include the amount of |
| Once you make a home offer, the seller can do | | | | earnest money that you are depositing with |
| one of several things: accept the offer, | | | | the home offer. |
| reject it, propose a counter offer, or fail | | | | |
| to respond. If the seller does anything | | | | Keep in mind that your offer can easily |
| except accept the offer you still have the | | | | become the sales contract for your home if it |
| ability to continue home shopping. | | | | is accepted by the seller. Make sure it |
| | | | includes everything you would want the sales |
| When you're making an offer on a home there | | | | contract to include. |