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5. Make An Offer...
Now that you and your New Homes
Colorado Springs realtor have
found the home you would like to purchase, it's time to make an
offer. Taking into account the recent sales of homes
in that neighborhood which are similar in size, quality,
conveniences, and amenities, what are you willing to pay for the
home? Your New Homes Colorado Springs realtor will consult with you and
advise you on how to create an offer that will have the best
chance of being accepted.
Your agent will ensure that you have everything down in written
form... no verbal agreements. After consulting with your agent
to put your offer in a written contract that meets all the legal
requirements according to local and national guidelines, your
agent will present the seller with a written document detailing
what needs to be done by both parties to execute the
transaction. The contract should protect the best interests of
all parties involved and should be comprehensive in nature. Your
agent will also ensure your financial position as the buyer by
including any necessary contingencies, which would protect you
if a particular requirement were not met. Once the seller
accepts it, it may be too late to make any changes.
The contract, though not limited to this list, should include
the following:
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· A legal description of the
property
· The offering price
· The down payment
· Financing arrangements
· A list of fees and who will pay them
· Amount of the deposit
· Inspection rights and possible repair allowances
· The method of conveying the title and who will handle
the closing
· A list of appliances and furnishings which will stay with
the home
· The settlement date
· Any relevant contingencies |
Remember that the legalities of
this phase are very important. If you have any questions or
concerns, they need to be addressed right away. After all, no
one has ever said at their closing, "I wish I had asked fewer
questions." |
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