STEP 5: MAKE A SMART OFFER & NEGOTIATE
You have found a house you love. Fantastic news! Here’s how the offer process typically works:
Step 1: Decide on price, terms and conditions.
Your agent will conduct a Comprehensive Market Analysis (CMA), complete with comparable active and expired listings, recent leases, and other historical data to determine the market value of the home. This is extremely helpful when it comes to negotiating a fair price. You also need to decide on a moving date and if there will be any conditions of the offer. Your agent will guide you.
Step 2: Prepare the offer. Your agent will create a legal document (Agreement to Lease) that protects you, follows your instructions, and matches your schedule and needs. Of note, many tech saavy, eco-friendly agents today are using the convenience of paperless transactions. E-signatures are becoming more and more common today for their ease of use and online, secure document storage.
Step 3: Review the offer. Your agent explains the details and terms of the offer, and suggests options for specialty clauses so that you know exactly what you are agreeing to.
Step 4: Present the offer. Your agent will present and negotiate the offer on your behalf.
What happens next? One of three things:
Chestnut Park Real Estate