Making an Offer

Six Things to Consider when Submitting an Offer

When making an offer on a new home or condo, several critical factors demand your attention. These include price, terms, dates, inclusions/exclusions, and contingencies such as loan approval, inspections, and additional costs.

Before submitting your offer, ask yourself the following questions:

1. Price Consideration — what price are you comfortable paying for the property?
2. Payment Method — how do you plan to purchase the home? (e.g., 15-year or 30-year fixed)
3. Monthly Payment Anticipation — knowing your method of purchasing, what is your anticipated monthly payment?
4. Move-In Timeline — when would you like to move into the property?
5. Inclusions/Exclusions Review — what personal property is included and excluded from the sale? Are you comfortable with this list?
6. Contingency Evaluation — in addition to the loan and inspection contingencies, are there other considerations for your offer?

Once you have these answers, your agent will craft a comprehensive purchase agreement to be sent to the listing agent. Expect a response within 24 hours, but keep in mind that negotiations may involve multiple counteroffers. The timeline can vary, ranging from a quick acceptance after a few conversations to several days of negotiation.

Several details may impact the acceptance of an offer, including specific personal items the seller may wish to keep or negotiations on closing costs. Your decision to proceed or not is crucial, and having a trusted real estate agent from Sea Glass Properties by your side ensures a smooth process.

Contact Sea Glass Properties to find your new home.

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