If you have a real estate agent, which is highly recommended for first-time buyers, they will help you write an offer and submit it to the seller or the seller’s agent in writing.
The offer will include:
– The address of the home
– Your name and the names of anyone buying the house with you, such as your spouse.
– The amount of your offer
– Any contingencies you’re requesting (i.e., conditions that must be met before the sale is a completed deal), such as a successful home inspection
– Any seller concessions you’d like (i.e., things you’re requesting from the seller), such as cash toward closing costs.
– Items you want to include in the sale, like appliances and window treatments
– The amount of your earnest money deposit
– Your pre-approval letter, so the seller will know that you won’t run into any financing problems
– The date you expect to close
– The date you want to move into the house
– The deadline to respond to your offer
– A deadline for the inspection to be completed, known as the option period
– A deadline for third party financing to be approved
Negotiating can be stressful, so it’s important to keep your goals in mind. Don’t forget that it’s okay to walk away from the deal if you and the seller can’t agree to terms.
There will always be another house. A house is a long-term purchase, so you should take a long-term view.