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MAKING AN OFFER TO PURCHASE A PROPERTY
Making an offer on a home that you is perfect for your needs is one of the most important step during the real estate transaction.Be sure you're serious about buying before you make an offer. If the seller accepts your offer, it becomes a legal contract after a few days. So if you want to get out of the contract, chances are that you lose your security deposit (Earnest Money).
Time to make an Offer
Factors to consider when making an offer
How financing terms affect your offer
The seller is going to look at your downpayment, if your loan is going to be with minimum of not downpayment the seller will think it twice before signing the contract
If your interest is high the seller will also anylize that, because it could be a possibility than you will not be able to close in your loan.
Are you paying for your closing costs or you are asking the seller to help you pay part of the cost.
The earnets money is a deposit that you make when purchasing a property that is used at the time of the closing as part of the downpayment. The higher your deposit the more secured the seller feels and better chances to negotiate in your favor.
FHA and VA loans are more complicated than conventional loans. This type of loans make the seller to have some expences for you to qualify for the loan. They also require a more detailed appraisal that are more expensive. Sellers do not like that.
Florida Real Estate Licensed