From Financing to Furnishing | Step 4 - Making an Educated Offer
Here I provide you with my 10 Steps From Financing to Furnishing to ensure you're equipped with the knowledge you'll need for an excellent first time home buyer's experience.
So you’ve decided it’s time to purchase a home…
Congratulations on taking this first step! Buying a home is one of the biggest emotional and financial decisions you’ll ever make, and pride of home ownership is one of life’s greatest joys and biggest accomplishments. It is an exciting time and my hope is that having me as your Realtor® will bring clarity and peace of mind during your home buying journey.
As your Realtor®, it’s really important to me to ensure you are an educated buyer in all aspects of your home buying process. It’s essential to prepare by learning the process of home buying.
I’ve prepared a guide of the buying process, from obtaining financing to furnishing, and we’ll discuss sample forms for you to become familiar with at our first Buyers Meeting.
Step 4 - Making an Educated Offer
You’ve found the one. Fantastic! Here’s what happens next:
I will conduct a detailed CMA (Comprehensive or Comparative Market Analysis), which will show you what’s currently on the market and what places have recently sold for. We’ll use this to determine the current market value of the property. Keep in mind, the assessed value is not the same as market value.
This CMA will enable you to make an informed decision on the price you wish to offer for the home.
I will prepare the offer ensuring that it protects you, follows your instructions and matches your schedule and needs.
I will explain the details of the offer, the terms and suggest options for specialty clauses ensuring you know exactly what you are agreeing to.
I will present and negotiate the offer on your behalf to get you the home that you want at the price and terms you want. The negotiation process is an essential part of the transaction which requires the expertise of a Realtor® that is specifically working to represent your best interests.
What happens next:
The seller may accept your offer – congratulations!
The seller may reject your offer – not common, but it can happen and I would endeavour to find out why.
The seller may counter your offer, changing the terms of the offer and present the offer to back to you.
In the case of Multiple Offers - In the current market, many homes are receiving multiple offers – this is where several people write an offer to purchase, and the owner has a selection to choose from.
Our negotiations continue to reach agreeable terms between the seller and yourself, or until I know an agreement cannot be reached and it is time to walk away.