Making an Offer

What Six Things Should I Consider When Making an Offer for a New Home?

Several critical factors demand your attention why putting in a offer to buy a new home or condo. These include price, terms, dates, inclusions/exclusions, and contingencies such as loan approval, inspections, and attorney approval.

Before submitting your offer, ask yourself the following questions:

1. Price Consideration — what price are you comfortable paying for the property?
2. Payment Method — how do you plan to purchase the home? (e.g., 15-year or 30-year fixed)
3. Monthly Payment Anticipation — knowing your method of purchasing, what is your anticipated monthly payment?
4. Move-In Timeline — when would you like to move into the property?
5. Inclusions/Exclusions Review — what personal property is included and excluded from the sale? Are you comfortable with this list?
6. Contingency Evaluation — in addition to the loan and inspection contingencies, are there other considerations for your offer?

Once you have these answers, your agent will craft a comprehensive purchase agreement to be sent to the listing agent. Expect a response within 24 hours, but keep in mind that negotiations may involve multiple counteroffers. The timeline can vary, ranging from a quick acceptance after a few conversations to several days of negotiation.

Several details may impact the acceptance of an offer, including specific personal items the seller may wish to keep or negotiations on closing costs. Your decision to proceed or not is crucial, and having a trusted real estate agent from Sea Glass Florida Properties by your side ensures a smooth process.

Contact Sea Glass to get started on your home search.