Making an Offer Reel Script - Linen

Making an Offer

Making an offer on a home is one of the most stressful parts of the homebuying process. But with a bit of preparation and education, I make sure everything goes as smoothly as possible for my buyers.
First of all, we'll make sure your financing, likely in the form of a mortgage preapproval, is all set before we even start your home search. Having your financials and preapprovals under control shows sellers you are a serious, qualified buyer.
Once we find your dream home, we'll talk about the appropriate offer to make, which will depend largely on how fairly the house is priced relative to its condition, location, and qualities. Your offer will also be dependent on the health of the market at the time.
Next, we'll discuss the amount of earnest money to offer. This is a good-faith deposit that shows the buyer you're committed to purchasing their home. Earnest money amounts are typically 1-3% of the purchase price, but a large percentage can help get the seller's attention in a competitive market.
As part of the offer process, we'll need to decide which contingencies to include and which to waive. Contingencies are clauses that specify the circumstances that allow you to walk away from the deal without penalty. Common contingencies involve your ability to secure final loan approval, how home inspection issues will be addressed and the appraised value of the home.
All the offer details will be drafted into a residential purchase agreement and submitted to the seller.
In a future post, I'll talk about what can happen after the offer.