Step 4 -How to make the offer

Step 4 -  How To Make The Offer!


You're almost there! You've figured out how to get your home buyer rebate / cash at closing! The next step is how to make the offer.

As your buyer's agent we need to be included in all correspondence with the listing agent. The best way is an email loop with you, us and the listing agent.  We can draw up the contract with the listing agent. If you wish to fill out an offer and get it to the listing agent that is fine but want to earn our share.

Whenever we make an offer we have "Contingencies" in the offer. Contingencies are a way out of the deal (so you don't lose your deposit) if the property is not as we expected or at least a way to modify the price and terms. Common contingencies are; appraisal, inspection, attorney review, Radon, pest inspection.

To draw up the purchase agreement, we'll need the following.

  1. Address of property.
  2. Legal description of property (this is usually in the mls or we can find it). All offers have to have a legal description.
  3. Your full names of who the buyer's are.
  4. Your current address.
  5. Price we are offering.
  6. Amount of down payment.
  7. How much of a deposit ( we have to have a deposit for a valid contract like $1,000 or $5,000) refunded if the offer does not go through. NOTE: You do not need a deposit at time of the offer, only when it is accepted.
  8. Seller concession if any.
  9. Date of offer, usually date we send in.
  10. How good the offer is good for (usually a day or 2, important to have a time limit).
  11. Desired closing date.
  12. Occupancy date, this is normally date of closing or could be some number of days after like 7, 14 or maybe 30 days.
  13. Any contingencies like inspection, appraisal, attorney review, pest inspection and Radon are common contingencies.
Once we have the above we can quickly fill out an offer form and get it to the listing agent.

REMEMBER! We are your buyers agent. We'll get the offer to you to sign. After you sign it, we'll get it to the listing agent. Do not submit an offer direct to the listing agent. We will do it for you and c.c. you. This way the listing agent sees that it is coming from us, the buyer's agent.

We hope you've found this information powerful and helpful. Remember, we are full service Realtors here to help you get your home buyer rebate.  Most agents would cringe at the thought of giving part of their commission back to you at closing.  We appreciate your business and you as a buyer.

Thank you, we look forward to helping you buy, sell & save!