Ready To Make An Offer? Watch This.
Before the offer to purchase is created, you must be at least pre-qualified or, better yet, pre-approved by a lender, unless you are paying cash.
A pre-approval letter is one of the best negotiating tools a buyer can have. It shows the seller that you are financially able to purchase the home. After you have found the right home, it is time to prepare the offer.
Now, let’s break down exactly how the offer-making process works. Here are the steps:
- First, you’ll view a house and decide you want to make an offer.
- Our team will do an analysis of the property to help you decide what a solid offer on the property looks like.
- We will help you write an offer letter and send it to the seller.
- The seller will respond in one of three ways:
The seller accepts the offer. Everyone is happy and as soon as both sides sign the offer letter, you’re officially under contract and on your way to buying a house!
The seller makes a counteroffer. You can either accept this counteroffer, go back with another offer of your own, or walk away.
The seller declines the offer. You could then try to make a more appealing offer, if your budget allows, or move on to find another house.
If you have questions or are ready to begin the home buying process, just complete the form below, and a member of our team will be in touch shortly!
Valor Group has you covered with buyer resources, for when going through the process of buying your first home.View Resource
Before the offer to purchase is created, you must be at least pre-qualified or, better yet, pre-approved by a lender, unless you are paying cash. Valor Group of Pearson Smith Realty can provide guidance and steps to take in order to make your dream come true.View Resource
Once your offer is accepted by the seller it starts the offer accepted period. You will be asked for a down payment, typically 1% of the purchase price.View Resource
Complete the form below and Valor Group will create you a custom property search. Anytime when we find properties that match your specific criteria we’ll send you an email.View Resource
Thinking about buying? Valor Group provides video resources that cover many of the common questions that most people have during the home buying journey.View Resource