3.) Write an offer. Writing an offer sounds a little easier than it is. I am not saying that it is difficult...but it is a tad more complex than calling the listing agent and saying, "we want to offer $300,000 for that house". Components of an offer:
A. Offer Price
B. Deposit
C. Financing
D. Closing Costs
E. Contingency Periods
The offer price should be based on something. This sounds reasonable...but a lot of people say, "I want to offer $275,000." To which I reply, "why?". Usually they have no reasoning behind their offer...it is just what they want to offer. I recommend relying on a REALTOR to help you determine the market value for a home...and then making an offer around the value.
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