The home buying process – Step 5 – Write an offer to purchase

Real Estate Agent with Coldwell Banker Residential Brokerage Porter Co.

The home buying process - 
                                  Step 5 – Write an offer to purchase

 Buyers go through a whole range of emotions when it is time to write an offer to purchase a home.  They are excited, nervous and anxious.  A home is the single largest purchase that most people will make in their lifetime. 

It is easiest to meet with your real estate agent at an office when writing an offer.  The contract takes some time to go over and copies will need to be made. 
Search Crown Point Indiana homesWriting an offer to purchase is much more than filling in a price.  In Indiana we have state purchase agreement contracts that we use.  The real estate brokerages are required to have an office policy document for buyers to sign.  The seller disclosure and lead paint forms are two other forms that may go with the offer to purchase.


The purchase agreement will determine the price, terms and conditions of the home purchase.  Everything is negotiable but it needs to be in writing

Your real estate agent should pull the solds for the area surrounding the subject home.  The latest solds of similar properties will help you decide on the price you wish to offer.  The assessment information and past listings should also be looked at for a property.  Often times you’ve been looking at everything in a certain price range and area so you may already have an idea on what you wish to offer.  This information should still be looked at to help confirm your thoughts.

 Valparaiso Indiana homes for sale

Your lender letter of prequalification or preapproval will be needed along with an earnest money check.  Yes, you will need your check book.  These two items give the seller an idea of how solid an offer is.  The seller wants to know they have a good buyer if they are taking their home off the market to accept your offer. 

The real estate agent will go over the comps, past listings and assessment information with you.  Next the contract and all other documents that pertain to the purchase will be discussed and filled out.  Your real estate agent will submit the offer (purchase offer contract and all pertaining documents) to the listing agent who will go over the offer with the seller.

The seller can accept, reject or counter your offer.  Your offer will have an expiration date and time for the seller response.  Then the wait begins.  



The home buying process - 14 Steps to buying a home

The home buying process –
Step 1: Choose a lender and get preapproved


The Home Buying Process –
Step 2 – Choose a Real Estate Agent

The home buying process –

Step 3 ~ Select properties

The home buying process – 
Step 4 – View properties


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Christine McDaniel, SFR ePro Realtor®
RedKey Realty Leaders
Cell: 219-730-3502

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Quinton Beckham
Keller Williams - Charlottesville - Charlottesville, VA
Quinton Beckham - Charlottesville

Good to line these out for potential buyers before they are in the thick of it. 

Mar 22, 2013 08:51 PM #1
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good advice for home buyers as they continue to take advantage of the very low mortgage interest rates.

Mar 23, 2013 07:18 AM #2
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Christine McDaniel

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