10
Steps to Buying Your Home |
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Now that you have found the home you would like to purchase,
it's time to make an offer. Taking into account the recent
sales of homes in that neighborhood which are similar in
size, quality, conveniences, and amenities, what are you
willing to pay for the home?
Make sure that you have everything down
in written form...no verbal agreements. Present the seller
with a written document detailing what needs to be done
by both parties to execute the transaction. The contract
should protect the best interests of all parties involved
and should be comprehensive in nature. Once it is accepted
by the seller, it may be too late to make any changes, so
make sure review your offer thoroughly before submitting
it. The contract, though not limited to this list, should
include the following:
- A legal description of the property
- The offering price
- The down payment
- Financing arrangements
- A list of fees and who will pay them
- Amount of the deposit
- Inspection rights and possible repair allowances
- The method of conveying the title and who will handle
the closing
- A list of appliances and furnishings which will stay
with the home
- The settlement date
- Any relevant contingencies
Remember that the legalities of this phase are very important.
If you have any questions or concerns, they need to be addressed
right away. After all, no one has ever said at their closing,
"I wish I had asked fewer questions."
The The Marchese Group can save you time and money by making sure that your contract
meets all the legal requirements according to local and
national guidelines. We will be able to expertly advise
you on how to create an offer that will have the best chance
of being accepted. Also, we will ensure your financial
position as the buyer by including any necessary contingencies
which would protect you if a particular requirement is not
met.
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