Special offer

Making An Offer. NEGOTIATE!

By
Real Estate Agent with CENTURY 21 WESTERN REALTY

When find the home you'd like to buy, it's time to make an offer.  Your local real estate association, working with legal counsel, has developed the contracts that are used for transactions in your area. These contracts enable you to specify a sale price and also include many clauses for specifying various terms of purchase, such as the closing and possession dates, your deposit amount, and other conditions. You should carefully review these clauses with your REALTOR to ensure that they express your desired offer. In addition to drawing up the contact, your REALTOR will be happy to address all your questions about the offer process.  Once you've written the offer your REALTOR will present it to the seller and the seller's representative. At that point, the process - given that a home's eventual sale price is subject to supply and demand - will depend on the kind of market you're in. Generally though, the seller can accept your offer, reject it, or counter it to initiate the negotiation process.

Comments (3)

Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Our title should actually be negotiator............

Mar 20, 2011 03:30 AM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi William, I can't image any buyers willing to make an offer on any home or property without a REALTOR or at least an attorney. It's to big of a deal for most buyers to go it alone, without any representation.

Mar 20, 2011 03:34 AM
Dean Carver
United Brokers Group/Carver Home Team - Ahwatukee, AZ

I would add to that -- when you're a seller: go ahead and counter! Don't reject an offer!

Mar 20, 2011 03:48 AM