Posts Tagged ‘Making a Purchase Offer’
Making a Purchase Offer | Counter offers
When you make an offer, the seller may accept it as is, reject it or make a counteroffer. If the seller wishes to amend certain terms of the offer, make a counteroffer. You must then decide whether to accept the counteroffer.
For example, the seller could make a counteroffer with a higher selling price, or modify or delete certain contingencies. The seller may also exclude certain assets that you want included in the sale, such artifacts. Read the rest of this entry »
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Making a Purchase Offer | Security
Consult a lawyer
Depending on the situation where you are, may be necessary to provide for other contingencies. This is another reason why it is advised that a lawyer review your offer before you submit it to the seller.
Failure to meet any of the contingencies provided for you in the purchase offer, you can choose not to complete the purchase.
When determining the contingencies, make sure you provide adequate protection, but also be realistic. Consider the market situation and ensure that the price and terms of your offer are fair. Read the rest of this entry »
Making a Purchase Offer | Find a qualified home inspector
It is important that your home inspection is performed by a qualified professional with training and experience in a field such as engineering, architecture or construction. To find a qualified home inspector, ask your broker or lender to provide names of reputable companies.
If you are unable to recommend a reliable home inspector, you can search for any member of the American Society of Home Inspectors (American Society of Home Inspectors, ASHI). This nonprofit organization was created in 1976 as a voluntary professional association. Read the rest of this entry »
Making a Purchase Offer | Contingencies
The contingencies will be an important part of its bid. If not satisfied, you will not have an obligation to go ahead with the purchase after the offer is accepted.
Most of the buyers determine the Offer to Purchase to its ability to obtain a satisfactory mortgage financing. Without this condition, they could risk losing your security deposit or even, if not get a mortgage. Read the rest of this entry »