Page 32 - Carol Dorey

Carol C. Dorey Real Estate, Inc.
Writing Offers
It would be a help at this time for you to have reviewed the standard “Agreement for the Sale of Real Estate” in order for you to be familiar with the form. There are a number of decisions you will need to make, and it would simplify the process of making an offer if you know the issues you’ll need to consider in advance.
• What settlement date works for you?
• Will you be taking out a mortgage? If not, do you want to have a separate appraisal
contingency?
• Do you want to have inspections of the property?
• Are there separate items that are to be included or excluded?
• Will you be getting Title insurance?
• How large of a deposit will you make?
• Do you want an attorney to review the contract?
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A major decision will be how much to offer the seller. In a “Buyer’s Market,” sale prices are often something less than the listed price. In a “Seller’s Market,” where home inventory can not satisfy buyer demand, purchase prices often exceed the asking price. In 2021 and 2022, approximately 50% of the homes in our area sold at or above the list price. Your Realtor can provide you with sold prices and information about comparable properties, but with multiple offers being made on homes that have just been listed, these comparables can become ancient history almost overnight.
Your Realtor can help you present a strong offer.