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What are the key considerations in the offer drafting process?
What are the key considerations in the offer drafting process?
Home Purchase

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
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What is Requity Homes?
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Who is responsible for closing costs?
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What are the key considerations in the offer drafting process?
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How does rent-to-own work?
What happens after I get pre-qualified?
How is the buyback price determined?
Can Requity report my rent payments to help build my credit?
How quickly can I receive my savings if I exit the program?
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Who owns the home in an arrangement with Requity Homes?
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Why shouldn't I just save money on my own?
Will I lose my savings if I decide to leave the program?
Can Requity sell the home to someone else while I'm living in it?
Where does Requity Homes operate?
Is a down payment required?
Do you perform a home inspection?
How are property taxes factored into the rent portion of the monthly payment?
How long does the process take?
How does the pricing work?
What happens if major repairs or concerns are identified during the inspection?
How does Requity compare to just renting?
Is there an interest rate?
What do you need to prepare to waive home buying conditions?
How does Requity compare to getting a mortgage?
What are needed from clients to waive conditions?
What credit score do I need?
Who owns the home during the rent-to-own term?
Am I guaranteed to get the home I make an offer on?
What happens if a client becomes disabled or passes away during the program?
What happens if I don’t end up buying the home?
Related Questions
Who is responsible for closing costs?
How does the purchase process work?
How is the buyback price determined?
Who owns the home in an arrangement with Requity Homes?
Will I lose my savings if I decide to leave the program?
Do you perform a home inspection?
What happens if major repairs or concerns are identified during the inspection?
What do you need to prepare to waive home buying conditions?
What are needed from clients to waive conditions?
Am I guaranteed to get the home I make an offer on?

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