5. Buying A Home
The Offer
Making an offer to buy a home entails many factors. You and your REALTOR® will discuss the following factors prior to putting the offer on the table:
• Amount of earnest money
• Down payment
• Price you are offering
• Details of financing
• Proposed move in date
• Proposed closing date
• Details of the sale
• How long the offer is valid
The seller will either accept the offer as presented, or make a counter offer and either you will agree to the terms in counter offer or you will submit another proposal. When all the parties involved have agreed upon the details, initialed any revisions, and signed the final agreement, then an offer becomes a contract.
