Making An Offer
8. Make an offer :
You've found a home', Congratulations' Now, if you actually want to make it yours, you have to make a successful offer, one that the seller will accept.
Preparing the offer: REALTORS can prepare the offer for you Here are some terms you'll see in the offer.
* Buyer: That's you.
* Seller: The present owners.
* Purchase Price:
The most important number. Let's hope the seller goes for it!.
A cheque you write to the seller or the seller's broker. This is your way of saying 'my offer is serious'. The size of the deposit is up to you.
* Chattels included and fixtures:
Be sure you know what is included with the house?the washer and dryer, the microwave, draperies, light fixtures. Don't leave anything to 'chance'.
* Irrevocability of the offer:
The length of time you give the seller to consider your offer. Usually less than 48 hours.
* Completion date:
The glorious day you take possession! Often 30 or 60 days after signing.
* Clauses particular to this agreement:
Every transaction is unique, and you may want to add conditions that are important to you, such as a proper home inspection.
* Your REALTOR can help ensure no details are overlooked in your offer.
Submitting the offer:
You've signed on the dotted line and your REALTOR? has provided your offer to the seller.
* The seller can accept your offer
Fantastic, when do you move in?
* The seller can reject your offer
In that case, you can try for another improved offer.
* The seller can 'sign back' or counter your offer
The seller wants to alter some part of your offer.It may be the price, closing, chattles, deposite or any of the cluases. The seller will cross out that part on your offer and write that he wants, or delete or alter some conditions.
* When You get a Sign Back again you have same choice.,, 1. accept 2. Reject or 3.Counter/ sign back.
Find a home inspector ;
Once offer gets accepted with the condition of home inspection, you will have to find home inspector.
When you're buying a home, you'll want to scrutinize every last detail Home inspections rarely cost more than a few hundred dollars, and can save you from unpleasant surprises Your REALTOR, can help recommend several home inspection companies to choose from.
Make a conditional offer based upon a satisfactory home inspection This is an increasingly standard condition on any resale home. If the seller doesn't want you closely examining the home before you take possession, you have to wonder why. Go with a qualified professional Make sure your inspector is a member of a recognized professional organization. It helps provide some assurance they have the training and experience for the job. What will they check during the inspection? Lots of stuff. Plumbing and electrical systems, the roof, visible insulation, walls, ceilings, floors, windows and the integrity of the foundation. They also check for lead paint, asbestos, mould, outdated and dangerous wiring, and evidence of pests like mice or termites. loin the inspection Get up close and familiar with your new home. If any problems are detected, you'll see them firsthand, and learn some maintenance tips from a pro. You'll get it in writing Their report will summarize the condition of the home.