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Making an Offer

Selecting a home should be relatively easy once a home falls somewhere in your criteria and the property is desirable for purchase.

You will want to inform your Resource Realty agent what you like about the house and make a list of your likes and dislikes with the property.

There are three steps in selecting a home:

  1. Accept the seller's asking price and have your agent write up the contract
  2. Reject the seller's asking price and have your agent make a different offer or...
  3. Agree to different terms and have your agent write an offer

This is all a part of the negotiation process.

Most Purchase Contracts have a paragraph for a buyer to make an "earnest money deposit". This shows your good faith and willingness to proceed to purchase of the home. Be prepared to write a check at the time the offer is written by your Resource Realty agent. Typically, the check is kept by your agent until the offer is negotiated. If the offer is accepted or negotiated and becomes a Contract, then the Resource Realty agent will deposit your check in the Company's escrow account. This money will be credited back to you on your Settlement Statement at closing. If the offer is not accepted, the check will be returned to you.

Communicating about the house and how it makes you feel is important when making this decision. It is also important to be realistic when it comes to how much you can afford when selecting "your" home.