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The Process and Factors of Making an Offer
Many believe that the home buying process is as simple as buying a new pair of shoes. In reality there are many complexities facing those seeking to purchase a new home. The process is more complicated by the emotions attached to the long term commitment attached to the purchase of a new home. . Whether this is your first home or you are purchasing second home the experience is no less frightening. Why should you have to be concerned that with the many technicalities of the offer process when we are fully familiar with those technicalities and can simplify the process for you?
The process begins with the offer. This is much more than telling the buyer that you are willing to pay a certain amount to purchase the property. You need to make sure that all your bases are covered. While there are prepared forms that are approved by the Tri Cities Association of Realtors and the Washington Association of Realtors, these forms are not couched in layman’s terms and can be quite overwhelming. We explain each term to you in a way you will understand. We also protect you in the most protected in the most important investment you will make in your lifetime.
The offer process begins with a document called the Contact for Sale. This not only sets the price you are willing to pay but also set boundaries for the sale process. The following are some of the ways we safeguard your interests in presenting your offer:
 We will assure that the legal description of the property is accurate. This is one of the most important aspects of the offer since you need to make sure that you are actually getting the piece of property that you have been shown.
 Our Market Analysts will assist you with determining the right purchase price to propose by showing you comparable prices in the area while performing a full analysis of the specific property that you are looking to purchase.
 We will protect your good faith deposit, making sure that all the rules are followed concerning this deposit. For example, in the event you are unable to secure financing, your deposit should be returned and we will see that it is.
 Although the standard time for closing is 45 days from the time the offer is accepted we can work to negotiate a reasonable time that is more comfortable for you as an individual.
 We will negotiate the time for a professional inspection of the premises to determine what, if any, repairs need to be made. Besides those repair costs which are standard, such as termites, we can work with you to negotiate on significant items of repair after the inspection is performed.
 We can also work with you to negotiate which items will be included in the sale, for example: a washer and dryer, lighting fixtures. We will also give you advice on whether the items you are seeking to be included are worth loosing your bid on the house.
 A bank simply will not lend money for a house that is appraised below the offer. Our service includes negotiating a term in the contract that will preserve your rights in the event an appraisal comes in lower than the offered price. We also will negotiate a term that will give you adequate time to obtain a professional appraisal.
 Our experience in the housing field will also assist you in determining other contingencies. Many individuals can not purchase a new home before they sell their own home. We can protect your interests by including that as an addendum to the contract.
We are happy to take the confusion out of the home buying process for you. Please feel free to contact us about any of your home buying needs.
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