Lake Jordan Dinwiddie
March 31, 2010 - 10:25 am
When you find a house you want, discuss with your Realtor how much to offer for the home. Your Realtor will do a Competitive Market Analysis (CMA) of other homes in the area to determine a reasonable and fair contract price.
You’ll make the offer by signing a contract. At this time you will write a check for a deposit. The deposit will be credited towards your down payment and/or closing costs at settlement. If the seller accepts your offer then they’ll sign too. Or the seller may make a counter-offer on your contract with some changes to the original offer, at which time you must decide to accept or counter back to them. Once everyone agrees on the final contract, it is signed by both the seller and the buyer.
Lake Jordan Dinwiddie