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Getting Qualified Searching Offer & Acceptance Inspections Closing |
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Writing the offer: You found your new home. It is now time to make an offer to purchase the home. When representing you in the purchase of your new home it is your Realtor'sŪ job to be sure your purchase is as favorable to you as possible. It is his job to represent you and be sure that your best interests are his first priority. The first step in purchasing your new home is to determine market value. Your offering should reflect market value. Your offer will most likely include an estimated close of escrow and any contingencies that will be associated with the new purchase. The close of escrow in most regions will be the day that property ownership is conveyed to the new buyer and title is recorded in the buyer's name. When reviewing your offer the seller in most cases has 3 option. 1) Seller can accept your offer in it's entirety 2) Seller can reject your offer. 3) Seller can make a counter offer. In most cases this means the seller accepts all elements of you offering accept for what the seller has made adjustments to in the counter offering. If the seller makes a counter offering you also have 3 options. 1) Accept the counter offering in it's entirety 2) Reject the counter offering: 3) Make another counter offering. This in most cases means that you accept the seller's counter offering accept for what you have made mention to in your counter offering.
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