How to Make an Offer
Congratulations on finding your dream home! Now, let’s navigate the crucial step of making an offer with some valuable insights from the Garza Home Team at RE/MAX North San Antonio.
Price:
Determining what to offer involves considering various factors like the neighborhood’s demand, days on the market, home condition, seller urgency, and market dynamics. Rather than making aggressive offers, ask your agent to conduct a Comparative Market Analysis (CMA) for a fair and strategic proposal.
Upfront Costs:
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Earnest Money: Typically 1% of the home price, this opens escrow and starts a title search for liens and judgments.
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Option Fee: Provides a set number of days to inspect the property thoroughly.
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Inspection: A professional inspection covering foundation, structure, plumbing, electrical, HVAC, grading, and drainage systems.
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Termite and WDI Inspection: Documenting visible evidence of wood-destroying insects, often required for closing.
Move-In Date:
Flexibility on possession date can make your offer more appealing to the seller, increasing the chances of acceptance.
Additional Property:
Negotiate which major appliances and additional property items will stay in the home. This is often a matter of discussion between the buyer and seller.
The Offer:
You may not be present during the offer presentation; your agent will present it to the listing agent or seller. The seller may:
- Accept the offer
- Reject the offer
- Counter the offer with changes
Hopefully, you and the seller will find mutually satisfying terms. Following the appraisal, survey, and title review, you will be on your way to becoming the proud owner of your new home!
Making an offer is a pivotal step, and the Garza Home Team is here to guide you through the process. Your dream home is within reach, and we’re dedicated to helping you secure it seamlessly.
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