Posted by NewBuyer on January 7, 2010 | No Comments
A comprehensive, eye-opening look at key issues when making an offer on a house. Learn how to craft your offer to follow local laws and customs. See how much to offer if the home is overpriced and avoid a purchase offer for more than the house is worth. Carefully consider an earnest money deposit while including inspection, loan and appraisal contingencies. Remember to include an offer deadline and list the items to be included in the sale.
From the resource: “You’ve found it, the perfect house. Now the real stress begins, to move forward you have to make a written offer. This piece of paper is a contract between you and the seller that will lay out the terms of the transaction. Mistakes in your offer could end up costing you big money so it’s important to get it right. Let’s look at some key issues when making an offer on a house.”
Source: M is For Money
Read More About Making an Offer on a Home at Newbuyer.com
Posted by NewBuyer on January 1, 2010 | No Comments
A concise look into the importance of “contingencies” or “conditions of sale” when making an offer on a home. These include a home inspection, a review of deed covenants and title, easements on the property and property zoning.
From the resource: “Take your time in developing this list. Even before you start looking for your new home, make a list of these items so that when you make an offer, you have everything at hand when you are in the agent’s office. When you are actually writing the offer with your agent, you may forget something that is important and could cost your deposit and put you in a less than satisfactory situation with the new home.”
Source: HowToDoThings.com
Read More About Making an Offer on a Home at Newbuyer.com
Posted by NewBuyer on December 11, 2009 | No Comments
First time home buyers will benefit from this look into the components of making an offer on their new home. The article goes into detail on how to re-work a pre-printed offer contract to fit your needs, determine your offer price, include terms with your offer and more. A sample tip from the resource: “When you write up a purchase contract, define the maximum interest rate at which you are prepared to finance. This is to protect yourself against volatile, escalating interest rates, which could land you with a much higher mortgage payment than you had anticipated”
Source: Salary.com
Read More About Making an Offer on a Home at Newbuyer.com
