Let’s Make An Offer
Comparative Price Analysis
Your Realtor® will pull a list of all the homes that recently sold in the area to give you a better idea of recent market performance.
Competition
Is this a “Hot Home,” is it under-priced, are there other ofers? The amount of competition will determine how aggressively you want to structure your initial ofer.
Understanding the Contract
Make sure you speak with your agent about all terms of the contract and to understand deadlines, liabilities and clauses that allow you to terminate the agreement, etc.
Due Diligence Fee (DD)
Decide how much you’re willing to put down to secure the ofer and take the home of- market so inspections can proceed. This is one of two deposits you will typically put down throughout the course of the sale, and it is a non-refundable fee. Due Diligence amounts are agreed upon between the buyer and the seller, and difers from Earnest Money Deposits (EMD).
If the transaction reaches completion, both the DD and EMD fees will be applied as a credit towards the purchase price at closing.
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