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Real Estate

15 Sep 2021

After going through an extensive process of looking for the Best Real Estate agent in your city to visiting uncountable houses to find the ideal home, finally, it's time to make an offer. If you are already worn out with all the efforts you made to find the perfect house. Now is the time you can make that house of your own. After reading this article, you should be able to know what makes an offer unbeatable.

What should be on the offer?

  • It should include your legal name, the name of the seller and the address of the property.
  • You should include the date you want to take possession.
  • You should request a current land survey.
  • Mention the date the offer expires.
  • You can add your conditions suitable to the situation before the contract is finalized. You can add conditions like selling your existing house or home inspection report.
  • The sum you have decided to pay for the property and the deposit money. (Keep a wiggle room in your offer. It is not always necessary to offer all you have been approved; you can make a lowball offer. Just make sure that reinforce your asking price with market data and do not make an unacceptable offer against the market price.)
  • Your file should have a check, bank draft or money order for your deposit.
  • Please do not hesitate to ask what is necessary via the offer letter. The seller has to sell the property; they cannot hold back just because you requested some apparent items such as appliances, light fixtures, or some improvements in the house.
  • Put together all the financial information on how you would be paying the funds to the seller.
  • It is always a better option to attach a pre-approved mortgage letter in your offer to make an impression that you can afford the selling price. Your reputable lender and realtor can make you a great candidate for the seller.

After the acceptance of offer the closing date usually pops up under 30 to 60 days from the offer date. Be ready to spend 1.5% to 4% on the closing costs, including home inspection fees, mortgage insurance, legal fees and disbursements, land transfer tax, and title insurance. When you have paid the down payment and closing costs to your lawyer, the lawyer then transfers all the funds to the seller, registers the home under your name and gives you the deed and keys to your new home. Now is the time when you can finally enjoy being a homeowner and cherish it.

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