If you have taking the time to look for a home of your choice, it would be a dilemma to be turned down by a seller. To be turned down by a seller means that your offer is far from being reasonable.

Offer is one instrument in real estate that you can use to win the seller to give out his right of ownership to you without considering other buyers. Therefore the way you present your offer goes a long way to you catching the attention of the seller. It is far from you luring him with unreasonable price you cannot pay. But making a factual offer that creates a win/win situation for both parties will certainly win the seller over.

How can I make my offer irresistible?

Don’t based your offer on the excellent edifice that you are sure is meant for you. Do more homework before writing your offer. Be sure to know the following:

Check the prices of contemporary home in the neighborhood:

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If you need to make an irresistible offer, you should be acquainted with the present prices of homes similar to yours. To get to be informed on such prices, you can use multiple listing services or real estate classifieds, these can be useful for accessing market value of similar homes. You can also visit public record offices such as your county clerk or recorder’s office. You can also use a professional broker to give the accurate value of that home you want to buy.

Inspection

Another thing you have to ascertain before putting an offer is to be sure that the building is alright. Since it is a big investment in terms of financing, you better be sure that what you are buying is worth every penny invested. You can hire a professional to ascertain the state of the property-its roofing, plumbing system, structurally strong, and be sure you know any future repairs you might be doing after the closing of the house. You need to know if you should ask the seller for a home warranty policy.

The purchase proposal you submit if accepted, becomes binding sale contract. These are the features included in the offer document

Address and sometimes a legal description of the property

  • Sale price
  • Terms — for example, all cash or subject to your obtaining a mortgage for a given amount, home warranty policy should be paid by seller
  • Seller’s promise to provide clear title (ownership)
  • Target date for closing (the actual sale)
  • Amount of money deposited for the offer; a check, cash or promissory note, and how it’s to be returned to you if the offer is rejected — or kept as damages if you later back out for no good reason
  • Method by which real estate taxes, rents, fuel, water bills and utilities are to be adjusted (prorated) between buyer and seller
  • Type of deed to be given