YOU FOUND THE HOUSE YOU WANT TO BUY, NOW WHAT?

Buying A Home, The Next Step

type of loan you will be getting, how much earnest money you are willing to put up (typically around 1% of the price), when you want to close, any special stipulations such as request for personal property like curtains, refrigerator, etc. Your agent will work closely with you here so that the offer is properly structured just like you want it. 3. Once you have a properly written and signed offer with earnest money tendered, your agent will present the offer in its most favorable terms to the sellers agent or seller. At that point, the seller has 3 options. He/she can accept the offer, reject the offer, or make a counter offer back to you. The counter offer is handled by striking through an item in the contract they do not like, and inserting what would be satisfactory to them, then placing their initials, date, and time beside the change. The offer then comes back to you for the same decision, you can either accept, reject, or counter. The contract does not become binding until the last person signs or initials without making any further changes. 4. So now you're almost there. You have a binding contract. This is where you need to work very closely with your agent to make sure you are complying with your end. Not doing so can be costly for you. Click the highlighted area below for details on "contract to closing".

1. You found the house you want. How much should you offer? That really depends on a number of factors. Is the house reasonably priced to begin with? Is it a buyers market or a sellers market? Is the owner motivated? Is this THE house for you and how bad do you want it? Your agent can help you determine the answer to most of these questions. As a general rule, if the house is priced at fair market value, your offer should stay within 5% of the asking price. If you go too low, you risk offending the seller which can have a negative effect on negotiations. It could cause the seller to dig in and decide not to negotiate at all. There are, at times, conditions that may dictate making an offer higher than the asking price. This can be a result of a strong sellers market, finding an under priced home where you know multiple offers are coming in, or a fairly priced property in an extremely hot area. Again, your agent can help you in determining the present conditions. 2. You've decided on an offering price. The next step is to put it in writing. Your agent can take care of writing an offer that complies with Georgia Laws. All you need to do is give him/her a few details such as: offering price, amount of down payment,

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CONTRACT TO CLOSING CLICK HERE

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