Together, We’ve Located Your Next Home!
One of the most important aspects of buying a home is the negotiation process and this is where Team480 excels. Utilizing our vast experience as skilled negotiators in and out of the real estate industry, we leverage our combined knowledge of the market with professional leadership and communication skills, laying the foundation for the best possible financial outcome for you.
Team480 will be by your side every step of the way, together going through quite a bit of searching and preparation in trying to find the home you wish to purchase. You have been shown the properties available to you based on your initial list of desirable features and narrowed your options. At this point, you will have found the home you want, and will be commencing the process to proceed with an offer on the property.
There are a number of factors that will affect your decision on what to offer on the property. Market conditions are always a factor. For instance, if it is a buyer’s market, you will have some more negotiating room for the property. In a seller’s market, you may want to place your best offer up front in order to be the one chosen by the seller.
Also to be considered are the values of the properties around the one you want. These figures are typically called the comps or comparables. We will show you all of the properties on a list that have closed or are for sale currently in the vicinity of the property you are submitting an offer on. These comps must be analyzed and a realistic value for the property established. There will be an appraisal on the property after you open escrow, and often what you are willing to pay for a property and what an appraiser determines as its value are two different numbers!
You will also want to establish the close of escrow date, or date you will actually become the owner, before writing an offer. If you are obtaining a loan, a lender will generally need about 30 days to complete your loan, order and evaluate the appraisal, and furnish the closing documents. If you have been pre-approved, this time frame may shorten. Of course, you will want to give yourself ample time to conduct any inspections on the property prior to your chosen closing date.
There are other terms to be considered when placing an offer that may affect whether or not the seller is willing to accept the offer, or whether you are willing to accept the seller’s terms. Some of the factors to consider are if a pre or post possession of the property has been requested, if a home warranty will be included, and as stated previously, what market conditions currently are.
We feel that you cannot enter into an agreement without as much information as possible. Our commitment to providing you with superior expertise and services can be demonstrated by our training and support programs designed to assist you and help you be the most informed buyer you can be.
An offer to purchase property is a legally binding document, and will be explained to you in detail prior to submitting any offers. We want you to be prepared, but also enjoy this exciting experience. Anything we can do to help, just ask!