Greetings, future homeowners! You have discovered your dream home, and now it is time for the exciting journey of making an offer. The Garza Home Team at RE/MAX North San Antonio is here to guide you through this crucial process with finesse and expertise. Let’s delve into the step-by-step guide to help you secure your dream abode.
Determining the Right Price: Your offer’s price is a delicate balance between market competitiveness, days on the market, the home’s condition, and overall market conditions. To arrive at a fair yet competitive offer, your real estate agent can conduct a Comparative Market Analysis (CMA). This analysis ensures you don’t overpay while presenting an attractive proposition to the seller.
Up-Front Costs:
- Earnest Money: Typically around 1% of the home’s price, this amount demonstrates your commitment and initiates the escrow process.
- Option Fee: This fee grants you a specific timeframe to inspect the property thoroughly, ensuring you’re making an informed decision.
- Inspection: Hiring a professional inspector is crucial to understanding the home’s condition, identifying potential issues, and making informed decisions.
- Termite and WDI Inspection: A wood-destroying insect inspection is a standard requirement before the closing process, ensuring the property is free from harmful pests.
Move-In Date: Flexibility with the possession date can significantly enhance the appeal of your offer to the seller, showcasing your willingness to accommodate their needs.
Additional Property Considerations: During negotiations, discuss which items, such as major appliances, will remain with the home. Clear communication about the property’s inclusions ensures both parties are on the same page.
The Offer Presentation: Your dedicated real estate agent will expertly present your offer to the seller or their representative. Following this, the seller can choose to accept, reject, or counter your offer, initiating a negotiation phase.
Finalizing the Deal: Once mutual agreement is reached, and after essential steps like appraisal, survey, and title review, you’ll proudly step into your dream home as its rightful owner.
If you have any questions or require expert assistance during this exciting journey, please do not hesitate to contact our team.
Let’s turn your dream home into a reality together.
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