The Buying Process--What Steps Do I Take? Step 4

Step 4 Getting Ready to Write An Offer

So you have been researching areas, looking at houses and you have found the house. What's next?

You have found that house you would like to buy. There are some details your Realtor will need to find out before you put anything on paper:

1. Is there an offer date? If yes, do they have any other confirmed offers coming in? What this will do for you is to set the expectation level regarding potential competition. In this market you do not see this as often, but it still does happen. If you know that you are potentially 1 of 3 offers, you can work with your Realtor to write a competitive offer.

2. Are there any disclosures. The level of information provided by different sellers and different Real Estate Agencies will vary. Often times in preparation for the market sellers will have a pest report done, maybe a sewer lateral report, a home inspection report, a roof report. Also different cities will have different disclosures required. (look for a blog to come regarding dislcosures).

So you have all of this information up front. You know if there are any other offers coming in and you have dislcosures. Now it is time for you to work with your Realtor on writing an offer.

See my next blog for more inforamtion on Writing and Offer.

If you have any questions you can contact me at lcartolano@apr.com or at 510.213.1139