Making an Offer

Understanding the Purchase Offer Process

A written purchase offer forms the foundation of your real estate transaction, outlining not just the price but all terms and conditions of the purchase. This legally binding document includes crucial elements such as the property's legal description, sale price, financing terms, earnest money details, closing date, and various contingencies. Your earnest money deposit, typically 1-5% of the purchase price, demonstrates your serious intention to purchase and becomes part of your down payment if the offer is accepted.

The offer becomes a binding contract only when the seller signs an unconditional acceptance and it's delivered to you or your agent.

Essential Inspections and Disclosures

Before finalizing your purchase, several critical inspections and disclosures protect your interests. The seller must provide a Real Estate Transfer Disclosure Statement (TDS) detailing known property conditions and potential hazards. A professional home inspection, costing approximately $300-$500, provides an expert evaluation of the property's structure, mechanical systems, and overall condition. Additionally, a pest control inspection ($200-$300) checks for infestations and dry rot.

These inspections can be included as contingencies in your offer, allowing you to negotiate repairs, receive credits, or even cancel the contract if serious issues are discovered. Throughout this process, your agent will guide you through each step, ensuring all necessary inspections are completed and your interests are protected.

What Ken Ransdell Can Do For You.

Choosing the right real estate agent is crucial to a successful home buying experience. Here’s how I can guide you through every step:

• Educational Guidance: I'll explain each phase of the buying process so you're always in the know.
• Personalized Attention: Listening to your needs is my priority to find your perfect home.
• Simplified Paperwork: I'll handle and clarify all legal documents to ensure your interests are protected.
• Proactive Problem-Solving: Any challenges that arise will be swiftly managed.
• Market Insight: Receive data on comparable sales to ensure you pay a fair price.
• Tailored Home Search: From the right home to the right neighborhood, I screen properties to fit your criteria.
• Professional Negotiations: Whether it's price or repairs, I negotiate on your behalf for the best deal.
• Closing and Beyond: Overseeing the closing process, I ensure a smooth transition to taking possession of your new home.
• Protection and Advocacy: Spotting unfair seller tactics and advising on legal recourse are part of my commitment to you.