First and foremost, you should definiteIy consult a realtor licensed AND practicing wherever you are looking to buy. All markets are different and you want to get good-sound advice relevent to where you are buying. Your agent will also help construct your offer, be the liason between you and the Seller and foster creative ways to help you make the most out of the deal. Another one of your first steps (unless you are paying with ca$h) would be to confirm your financing. Be sure to go over any potential grants, low interest 2nd Trust loans etc with your lender, real estate agent, employer etc. There are funds available and programs to help ... especially for first time homebuyers. DO NOT miss out on these opportunities as you are only eligible for some of them your first time around. Whatever your method of payment, you will need to include 'proof' along with your offer; Whether it be a bank statement showing funds or approval letter from a bank. You should also do some research on a title company that will handle the transaction should the offer be accepted by the Seller. Normally the title company is your choice and their name is included in the contract.
Hope this helps. Feel free to give me a call if you are looking to submit an Offer or have any questions. I would be happy to go into further detail with you so you are well informed and armed for your journey to homeownership!
Let's talk soon.
Central Properties, LLC
1353 V Street, NW
Washington, DC 20009
Efficient | Smart | Honest
In addition, a pre-qualification letter from the lender and a check for the earnest money deposit that is proportionate to the value of the property are required. Those forms and copies of the pre-qual letter and EMD check are presented to the seller's realtor by the buyer's realtor. The specifics such as price, timing and anything else that is not acceptable at face value are negotiated and when agreed, the contract is ratified
To make a successful offer that is favorable to the buyer, a clear understanding of the ratification process and how each contingency and element in the offer can impact the buyer is critical. I'll be happy to provide more detailed guidance if you wish
202 552 5624