Buyers Offers and Counter Offers
You have found a perfect home that fits all your criteria and your price range. Now you’re ready to make an offer! You and I will discuss what is the best offer to make. I will help you decide, as well as write up an offer and present it to the seller’s agent with your terms and conditions.
Some things that will be negotiated, include:
Now that you have submitted your offer we will begin the negotiation stage with the sellers. I will advise you if your offer has been accepted as is, or if the seller has rejected your offer and is making a counter offer. Once your negotiation is complete and your final offer is accepted, you will enter into the next phase, which is the escrow process.
Earnest Money Deposit (EMD):
Once your offer is accepted you will now want to make an earnest money deposit into escrow. Earnest money is a good faith deposit, but not to be confused with a down payment. When a buyer executes a purchase contract, the contract specifies how much money the buyer is initially putting up to secure the contract, to show “good faith,” and how much money all together will be deposited as a down payment. The balance is financed as a mortgage.
Just relax and let me guide you through the process, as your Realtor I am committed to making this process financially successful and stress-free!