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Making
an offer to purchase
Using
comparable home sales
Make
your offer
Ernest
money deposit
Contingencies
in a purchase agreement
Agreeing
on price & terms
Home
warranty
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Agreeing
on price & terms
Besides
agreeing on price, the buyer and seller must meet on terms as
well. As the buyer, you’ll want to make sure certain
contingencies are written into the contract to protect your
interests. The seller might have his own contingencies as well
that he might ask for in the contract. Along with contingencies,
in the offer to purchase contract, you’ll need to include how
you intend to finance the home, how much down payment you’ll
be using, who pays what closing costs, terms of cancellation,
what inspections are to be done and performed by what company,
escrow period, timetable periods for certain things to
completed, when you get physical possession of the property, and
how to settle disputes should they occur.
As
complicated as it may sound, your agent will assist you through
this process and help you better understand the technicalities
and legalities of purchasing real estate. California is a very
litigious state, and it is very important to be represented by
your own professional Realtor.
If
you have any questions, Please call
1-866-OC-House
© 2010 OC Home Finder Team.com - All rights reserved.
Written
By Shan Roberts
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