Buying A Home and Making An Offer

Call the Sarasota Suncoast Team at 941.894.4063 or visit our website at http://www.SarasotaSuncoastHomes.com

When searching for your dream home, you were just that – a dreamer. Now that you’re writing an offer, you need to be a businessperson. You need to approach this process with a cool head and a realistic perspective of your market. The three basic components of an offer are price, terms, and contingencies.

Price – the right price to offer must fairly reflect the true market value of the home you want to buy. The Sarasota Suncoast Team has valuated over 3,700 homes and can help you assess recent sales of homes similar to the one you are considering to buy.

Terms – the other financial and timing factors that will be included in the offer.

Terms fall under six basic categories in a real estate offer:

1. Schedule – a schedule of events that has to happen before closing.
2. Conveyances – the items that stay with the house when the sellers leave.
3. Commission – the real estate commission or fee, for both the agent who works with the seller and the agents who works with the buyer.
4. Closing costs – it’s standard for buyers to pay their closing costs, but if you want to roll the costs into the loan, you need to write that into the contract. You can also ask the seller to contribute to your closing costs.
5. Home warranty – this covers repairs or replacement of appliances and major systems. You may ask the seller to pay for this or you can purchase it yourself.
6. Earnest money – this protects the sellers from the possibility of your unexpectedly pulling of the deal and makes a statement about the seriousness of your offer.

Are you ready to start looking for a home? With the Sarasota Suncoast Team you have a strong partner on your side. Call us today at 941.894.4063 for a confidential consultation or visit our website at http://www.SarasotaSuncoastHomes.com. We are going to make the house buying process easy for you.