Make Them An Offer They Can’t Refuse
Follow three key steps to buy your house
Once you’re preapproved for a loan and you’ve survived the rigors of house hunting, the time will come when you find a house that you’d like to call home. But first, you’ll need to make an offer.
The offer is the first step in the negotiation process. A good basic offer includes the price you’re willing to pay for the house, your financing terms, and contingencies, such as specifying what will happen if negative findings come up during the inspection.
Purchase contracts vary from state to state. Regardless of where you live, if you’re making an offer, you want it to be carefully worded and well thought out.
In the book “Home Buying for Dummies (Hungry Minds Inc., 2001),” authors Eric Tyson and Ray Brown say there are three key elements to a good offer.
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