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Buying a Home

Making an Offer

You've found the home of your dreams. It's the right size, in the best neighborhood and the kids are already picking out their bedrooms. So, what's next?

Hopefully you have already gotten pre-approved for a home loan. Your real estate agent will help you submit an official offer on the home. They will help you determine what the best amount will be and you should also gather the following information before deciding what to offer a seller:

• Find out why the seller is selling.
• Check out other sale prices in the neighborhood.
• Find out how much the seller paid.
• Try to determine how much the seller owes on the home.

Once you have determined the amount you would like to offer your real estate agent will submit a written offer to the sellers agent. Sometimes the seller will accept your offer right away but normally they will make you a counter offer. You can then choose whether to accept their offer or make a counter offer of your own.

When you and the seller have agreed upon a price the contract you enter into is contingent upon you getting your financing and the house passing inspections. You or the seller may also add other contingencies.

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Mike Tyree, Broker - Jeff and Nancy Livingston, Owners Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 02/23/2012. The listing information on this page last changed on 02/23/2012. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Mercer/Tazewell MLS (last updated Wed 02/22/2012 6:27:20 AM EST). Real estate listings held by brokerage firms other than C21 Select Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --
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