How do we make an offer? In a typical situation, we will complete an offer on our Washington state approved paperwork (called the Purchase and Sale Agreement) along with all the appropriate addenda. Then, I will present your offer to the owner and the owner's representative. The owner, in turn, may accept the offer, reject it or make a counteroffer. Because counter-offers are common (any change in an offer is considered a counteroffer), it's important for buyers to remain in close contact with their agent during the negotiation process so that any proposed changes can be quickly reviewed. What should we ask for? It depends on what your needs are and what the seller is willing and/or able to give. You can always ask for the appliances, as most homes in our market come with the standard kitchen appliances (stove, refrigerator and dishwasher). Most sellers wish to take their washers and dryers with them, but you can always ask for them. You also ask for a certain closing date, time frames for inspections and anything else you’d like to have included in the sale (such as play equipment, yard art, etc.). You can also ask the seller to contribute toward your buying costs at closing. This helps you save money up front, and is especially important if you have saved up enough money for your down payment, but do not have the funds to pay for your appraisal, lender fees, closing agent fees and other closing costs. Most buyers who ask sellers for “closing costs” ask for up to 4% of the purchase price, as that covers most standard closing costs. We will discuss this with your loan officer to have all your questions answered. We will also make your home purchase contingent on many things, including: an acceptable home inspection obtaining acceptable homeowners insurance an acceptable title report (marketable title) final approval on your financing (including an acceptable appraisal). There may be other contingencies you will be asking for, each unique to the property that you are making your offer on. I will go over all the state-approved paperwork that we use in making an offer, and answer all of the questions that you might have.
How do we make an offer? In a typical situation, we will complete an offer on our Washington state approved paperwork (called the Purchase and Sale Agreement) along with all the appropriate addenda. Then, I will present your offer to the owner and the owner's representative. The owner, in turn, may accept the offer, reject it or make a counteroffer. Because counter-offers are common (any change in an offer is considered a counteroffer), it's important for buyers to remain in close contact with their agent during the negotiation process so that any proposed changes can be quickly reviewed. What should we ask for? It depends on what your needs are and what the seller is willing and/or able to give. You can always ask for the appliances, as most homes in our market come with the standard kitchen appliances (stove, refrigerator and dishwasher). Most sellers wish to take their washers and dryers with them, but you can always ask for them. You also ask for a certain closing date, time frames for inspections and anything else you’d like to have included in the sale (such as play equipment, yard art, etc.). You can also ask the seller to contribute toward your buying costs at closing. This helps you save money up front, and is especially important if you have saved up enough money for your down payment, but do not have the funds to pay for your appraisal, lender fees, closing agent fees and other closing costs. Most buyers who ask sellers for “closing costs” ask for up to 4% of the purchase price, as that covers most standard closing costs. We will discuss this with your loan officer to have all your questions answered. We will also make your home purchase contingent on many things, including: an acceptable home inspection obtaining acceptable homeowners insurance an acceptable title report (marketable title) final approval on your financing (including an acceptable appraisal). There may be other contingencies you will be asking for, each unique to the property that you are making your offer on. I will go over all the state-approved paperwork that we use in making an offer, and answer all of the questions that you might have.