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BUYING TIPS | MAKING AN OFFER
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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
  • If you found the home that best meets your expectations, put the offer, because that same home could be perfect for the next buyer and the seller is not going to wait. This is a first come first serve business.

  • Do not make an offer bellow market value. That means on the eyes of the seller that you are not really interested on the home. It migth make the seller not willing to negotiate in the future.

  • Do not try to steal the house out the market, that is not going to happen.

    Factors to consider when making an offer
  • Property conditions
  • Home improvements
  • Market conditions
  • Seller's motivation

    How financing terms affect your offer
  • Downpayment
    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

  • Your interest rate
    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.

  • Closing cost
    Are you paying for your closing costs or you are asking the seller to help you pay part of the cost.

  • Your earnest money
    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
    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.



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    Marlen Hernandez
    Phone: 786-752-1814
    REALTORŪ
    Florida Real Estate Licensed

  • Florida Realty of Miami | (305) 598-5488 | 9415 Sunset Dr. Suite 236 Miami, FL 33173

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