Dave Ratti
888-200-9443
Your Steps to Home Ownership
6. Make an Offer
Make no mistake - you are entering into a contract for hundreds of thousands of dollars. You had better make sure someone that knows their stuff is representing you.
"For goodness sakes, if you don't have me representing you, get someone else competent to do so - do not do this yourself." Dave Ratti
While much attention is spent on offering prices, a proposal to buy includes both the price and terms. In some cases, terms can represent thousands of dollars in additional value for buyers -- or additional costs -- or additional liability. Terms are extremely important and should be carefully reviewed.
This is why it is critical to have representation in a real estate transaction. Much as you would not go in front of a judge without an attorney to represent your interests, you should not enter into any agreement for hundreds of thousands of dollar without an expert on your side.
In practice, your offer depends on the basic laws of supply and demand: If many buyers are competing for homes, then sellers will likely get full-price offers and sometimes even more. If demand is weak, then offers below the asking price may be in order.
How do you make an offer?
In a typical situation, we will complete an offer that Dave Ratti will present
to the owner and the owner's representative. The owner, in turn, may accept the
offer, reject it or make a counter-offer.
Because counter-offers are common (any change in an offer can be considered a "counter-offer"), it's important for buyers to remain in close contact with Dave during the negotiation process so that any proposed changes can be quickly reviewed.