Sixth in a Series: Buyers: Making the Offer - Buyer Guidelines

By
Real Estate Agent with Florida Homes Realty & Mortgage LLC

These are dry and boring topics. However, dry and boring is not the same as insignificant and unimportant. Take a few minutes to become familiar with this important process. After all, you have spent a lot of time thinking about buying a Northeast Fl and possibly Jacksonville home and mucho time searching for that perfect piece of Northeast Fl real estate.  Let us examine some of the components of buying Northeast Fl real estate.

Making your Dream Home a Reality

When you find the Ponte Vedra Beach Fl house you want to call home, there are certain steps you must take. Making an offer is a major step in the buying process. An offer is a written document the seller and his or her representative receive. The seller may choose to reject, counter the offer, or accept it. Once an offer has been submitted, there may or may not be time to withdraw it. In most cases it is possible to withdraw an offer up until the moment it is accepted, or when you are notified of acceptance. If you are using a licensed Northeast fl real estate agent they have the knowledge and expertise to help you with this process. If you are buying a home with a FSBO it is a good idea to check with an experienced real estate attorney before retracting an offer. Included with your offer should be earnest money and contingencies.  (for the rest of this article please visit http://www.locatehomesflorida.com/news-article.asp?Id=3050707&blogPostID=482&label=&link=&relatedId

Writing the Offer:

One of the biggest components when buying a home or condo is writing an offer. One of the major parts of an offer includes contingencies. A contingency clarifies that the offer will take place only if certain events take place. For example, a contingency might be that the buyer must be approved for specific financing or the home inspection goes well without any major hitches. Make sure that everything gets written down in the offer. If the seller is satisfied with the majority of the offer, they may get a counter offer including the seller's changes. Then, the buyer has the option of accepting or rejecting the offer or writing another counter-offer. All cash buyers, those without a former home to sell, and buyers pre-approved for a loan have the greatest buying position. It is also important to investigate why the home is being sold and whether the seller is in a bind to sell quickly. The offer is a binding contract once the seller has accepted and you have been contacted. The seller cannot change his or her mind later once the offer has been signed. Your Jacksonville  real estate agent has the expertise to assist you in the above process.

Basics of Writing an Offer

Purchasing a home requires you to write an offer. Most Jacksonville real estate agents have a general form. This includes residential purchase agreements that are made available to those who use the services of a Jacksonville real estate agent. Northeast Fl real estate agents are also great people to question during the transaction. Once the offer is signed, it is presented to the seller. If accepted as stands, it will become a binding sales contract. For that reason, the document should contain the address and a legal description of the property, sale price, projected target date, terms and conditions, amount of earnest money deposit accompanying the offer, method of adjustments between the buyer and seller, stipulations about who is paying for what, kind of deed, a time limit after which the offer expires, and conditions for the buyer to do a last minute walk through inspection prior to closing. By including these things in the written proposal, you will be well on your way to a successful closing. Check with your Fl real estate agent for other specifics and for the needs of your individual case. 

Please visit http://www.locatehomesflorida.com/news-articles.asp and explore the many articles written to assist buyers of real estate.

Send me your experiences buying a house: we would love to know about the best and the worst. I know there are some real horror stories out there. For example: my girlfriend went to the closing to sell her house and the buyers show up and say: WE HAVE CHANGED OUR MIND. BYE BYE. Well, maybe I would like you to share the very nice happy stories. Thanks for visiting my Blog.

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James Angelo

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