Fort Wayne First Time Home Buyer's Guide - Step 4 - Write The Offer!

By
Real Estate Agent with Century 21 Bradley (260)704-0843

Okay...  so we have completed the following steps so far:


1.  Get Pre-Approved.

2.  Meet With Us.

3.  Look At Homes.


We looked at homes, found the right one, and now it's time to WRITE THE OFFER!  How exciting is that?  


There are so many variables that go into writing a good offer.  How long has the home been on the market?  Is it priced well?  Are there any other parties interested in it that are going to write offers?  What condition is it in?  Will it need any repairs or upgrades?  


We could go on and on, but you get the picture.  


We will run comparables on the home and see what the market says about where it's priced.  If it's priced well and there are other parties interested AND it's the home for you, we need to write a strong offer.


If it's been on the market for three months, there are no other parties interested, and it's a bit over priced, we offer lower and see if we can get them to come down.  


Once we decide the situation and agree on the offer to make, we will meet to sign the purchase agreement (and a bunch of other paperwork!) and then we'll send it on over to the listing agent.  We also send over a copy of your earnest money check.  This is "good faith" money that is deposited in an escrow account once we have an accepted offer.  At closing it is credited to your down payment.  


Here are a few tips when writing offers:


*  Don't lowball.  The days of getting homes for 50 cents on the dollar are LONG GONE.  Throwing out lowball offers on well priced homes is insulting to the seller in today's market.  Even if we offer low and eventually come to an agreement, the sellers are going to remember our lowball offer, and we should expect a rough ride all the way to closing.


Even foreclosures in Fort Wayne are selling for close to list price.  Banks are getting smarter (can't believe we just said that!) and pricing the homes where they will sell.  


*  Don't take advice from your hairdresser, girlfriend that has never bought a home, parent that hasn't bought a home since 1958, or your brother in law that used to sell real estate in Vegas during the boom.  Listen to your Realtor that know today's Fort Wayne real estate market.  


Next Up:  What To Do Once The Offer Is Accepted.  


Posted by

   

Fort Wayne Realtors Jared and Amanda Christiansen with Century 21 Bradley

Amanda and Jared Christiansen are award winning Realtors with Century 21 Bradley Realty in Fort Wayne.

 

Enough about us...

 

Tell us what you want your real estate experience to be, and we will do it YOUR way.

 

Buying a home in Fort Wayne? Tell us your wants and needs. Let us know how you envision your family living.  Tell us what's important to YOU, and we'll find the community and home that fits.  

 

Selling your home in Fort Wayne?  Our job is to make you the most money possible in the shortest amount of time. We offer our sellers professional staging, professional photography, and more internet marketing than most. 

 

We are committed to giving you everything we have to offer.  We are both full time agents and will work around your schedule.  Do nights and weekends work better for you?  NO PROBLEM. We are here to help YOU at YOUR convenience.

 

Amanda can be reached at 260-704-0843, and Jared can be reached at 260-704-0842.

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John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com

Jared you've nailed it once again my man.  Suggested.  Hope you guys are enjoying a productive day.

June 11, 2012 12:13 PM #1
Rainmaker
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Sussie Sutton
UTR Texas Realtors - Pearland, TX
UTR TEXAS Realtors - Rep for buyers and sellers.

I hope some newbies are reading this. Like I said before it is very helpful for home buyers.

June 11, 2012 05:37 PM #2
Anonymous
Anonymous
Marianasliving

I am newbie. This will help me a lot. I am happy that I stopped by here. It's worth visiting here. Thanks for sharing. www.marianasliving.com

July 03, 2012 04:46 AM #3
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Amanda and Jared Christiansen, YOUR Fort Wayne Realtors

Century 21 Bradley.
Questions about Fort Wayne real estate? We're here for you!
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