What are the key considerations in the offer drafting process?
What are the key considerations in the offer drafting process?
- Closing Date - the date you can move in to the home.
- Offer Price - We'll review comparables and work with the realtor to determine a competitive price. Your input is important and we'll make an offer only with your consent. We'll ensure your interests are protected and the purchase price is reasonable. The lower we can negotiate the initial purchase price, the better it is for you as it impacts monthly payments, deposit, and buyback price.
- Conditions
- Home Inspection Condition - essential for protecting you from unforeseen problems due to major structural/foundation issues
- Financing Condition - ensure the appraised home value is the same or higher than the offer price and the homes meet lender requirements
- Insurance Condition - required by lenders,especially for homes with wood burning fireplace that may need a WETT certification
- Others, if applicable
