What to Include in Your Offer to Buy Vegas Valley Real Estate?
What to Include in Your Offer to Buy Vegas Valley Real Estate?
…What should be included when making an offer to purchase a home?
This is a great question, especially when the market is hot. You’re going in and you’re competing with multiple offers to buy the home of your dreams and boy, you wanna make sure that you get that contract right. And oftentimes it’s easy to miss or not include certain things that would make your offer stronger so that the seller, who’s considering the options that they have the seller home, would pick your offer over others.
So let’s actually break this down and start very first by understanding- What goes into an offer? The most important things you need to put in an offer is what the seller wants in the offer, because it’s not just about price right now. There are a lot of different terms that go into an offer. How long you’re going to take to close on the home? What kind of an option are you going to have? How much money are you going to put down for earnest money and the option period? Are you going to ask the seller for any concessions any seller paid closing costs?
There’s a whole range of items that you need to really negotiate into an offer and include in there in the beginning to make it as attractive as possible to the seller, but you must always start with this question. What’s most important to the seller?
And the only way that you will ever know that is by having a really skilled buyer’s agent who can extract that information from the agent who represents the seller. So it’s not just a matter of guessing what they want, but it’s the activity or the action of reaching out answering effective questions to draw all that information out right, and then including those concerns in the offer that you put together. And last but not least, make sure it’s a clean contract. Sometimes when I’m representing sellers and I have multiple offers, I’ll have agents come in here and put all different kinds of terms and conditions and deadlines etc. And it just makes it complicated and messy for the seller to understand. Make your contracts as clean as possible. Understand what it is that the seller wants, when they want to move, whatʼs most important to them. Is earnest money really important to them? Is the title company that you choose really critical to them? And then in addition to that, make sure that you have always included in your offer, your pre qualification letter or a letter from the bank verifying your funds.
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