We’ve processed, planned, and prepped, your financing is approved, we’ve toured the neighborhoods, and now it’s showtime – writing an offer on a home!
Success is that place in the road where preparation meets opportunity
~ Branch Rickey
Whether its your first home or one of many, writing the offer can often feel nerve wracking and exhilarating all at the same time. Rest assured that I have the experience and expertise to guide you confidently through the process and position you for success. As your Buyer’s Broker, I
- Work only for you, not the seller
- Operate as your advocate and advisor
- Work towards achieving your goals
- Protect your interests and earnest money
- Negotiate only on your behalf
When you’ve identified a home on which you want to write an offer, the very first thing I will do is prepare a comparative market analysis for the home. This will help you determine where the asking price stands in comparison to the most recent and comparable sales in the neighborhood. We will also take a look at other factors such as the supply and demand ratios for that particular neighborhood, the time on the market, and whether there is likely to be competing offers for the home. Once we are armed with all this information, we will put together our offer game plan and strategies. The “Big 5” offer terms are as follows.
- Offer Price
- Earnest Money Deposit
- Financing Scenario
- Closing Date
There are many other lesser terms in an offer which are important and I will carefully discuss with you as well. I will then prepare the offer paperwork, have you sign either a hard copy or electronically, and present the offer to the seller in accordance with the listed offer presentation guidelines.
But what if there are multiple offers?
Scary! I don’t want to get into a bidding war!
Yes, there may be more than one offer on any given property. As a buyer, that does not need to scare you away or discourage you from writing an offer. You cannot control what others do, or how many offers there are on a property. My job is to thoroughly prepare you to write the very best offer you are ready, willing and able to make on a home.
I will say that I have a proven track record of getting offers accepted in the face of competition, and that my strategies for crafting and presenting an offer will position you for success straight out of the gate.
Once your offer has been accepted and all terms are agreed upon, you will be in “Mutual Agreement” and the status of the home will be changed either to “Pending” or “Pending Inspection” status. We then proceed with the steps towards closing.
If you would like to talk more about the closing process or about buying a home in Seattle, contact me for a free consultation. I look forward to hearing from you!