If the seller agrees to the original offer or a later counteroffer exactly as it is made and signs the document, the offer has been accepted and a contract is formed. Your agent must advise you of the seller’s acceptance and obtain the approval of the parties’ attorneys if the contract calls for it. She […]
What amount should I offer for the home I am interested in? Your agent will give you this answer by running a report called CMA (Competitive Market Analysis). A CMA is an estimate of a home’s value based on recently sold, similar properties in the immediate area. The analysis considers the location, age, size, construction, […]
In order to understand how the offers are made we must understand first what it means exactly. An offer is a promise (this usually is something financial/monetary) made by the buyer, requesting something in exchange (this is usually the property/estate) for that promise. The offer is made with the purpose that the seller will be conjugated to the terms […]
Time to review and discuss findings Looks like your agent has the lists now and you know what to expect from her once you start visiting open houses. At this point, by looking at the listings your agent prepared for you, you might start feeling a little overwhelmed. Indeed, either it is your first house […]
Your agent will be able to search for appropriate properties according to your initial consultation and pre-loan approval. On top of this investigation, your agent will also monitor any new listings that hit the market and of course will filter anything that does not match your needs. Now that we set our foundation well, we […]
Your agent should encourage you to see a lender before home shopping and inform you to discuss all loan options with your lender before signing a purchase agreement. Please keep in mind you submit application to any lender you wish, this will give you the chance to compare different offers from different lenders. Loan Application […]
Without a need for a fancy introduction let’s go through what you should expect from your first meeting with an agent. Let’s assume that you are in the market to find your first home. While you were doing some window shopping you came across a broker’s office. You immediately remembered the home you saw online […]