Saturday, July 31, 2010
BUY A HOME
Buying a home may seem to be a daunting prospect at first, but if you take it one step at a time, the pieces all fall into place rather easily. If you have any questions while reading or implementing this information, please contact me. I look forward to working with you!

Step #6—Make an Offer on the Home
Now that you and I 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? I will consult with you and advise you on how to create an offer that will have the best chance of being accepted.

I will ensure that you have everything down in written form... no verbal agreements.
After consulting with me to put your offer in a written contract that meets all the legal requirements according to local and national guidelines, I 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. I 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:

· 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."

Step 1 - Analyze Your Needs
Step 2 - Pricing Strategy
Step 3 - Prepare Your Property
Step 4 - Marketing Strategy
Step 5 - When you Receive an Offer
Step 6 - The Post-Contract Process
Step 7 - Closing on Your Home
Step 8 - Post-Close Activity
Step 9 - The Post-Contract Process
Step 10 - Closing on Your Home
Step 11 - Post-Close Activity
Katie Black, Realtor
404.731.9813 (direct) • 404.564.5560 (office) • katie@katieblack.com
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