Financing in Washington>Question Details

Trulia Washi…, Other/Just Looking in Charlotte, NC

How does one make an offer?

Asked by Trulia Washington DC, Charlotte, NC Tue Apr 2, 2013

Help the community by answering this question:


Katrina Hill’s answer
Hi there,

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.

Katrina Hill
Washington, DC

Central Properties, LLC
1353 V Street, NW
Washington, DC 20009
Cell/Text: 202.409.8334

Efficient | Smart | Honest
Real Estate
0 votes Thank Flag Link Tue Apr 2, 2013
In the DC metropolitan area, realtors use standard, yet customizable series of forms to specify the price being offered, down payment, financing, earnest money deposit (EMD), settlement date and contingencies. Common contingencies include home inspection, financing, and appraisal as well as about two dozen other requirements that the buyer may want the seller to agree to.
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
Santiago Testa
202 552 5624
0 votes Thank Flag Link Tue Apr 2, 2013
All real estate tranactions must be in writing. You have several choices on how to proceed with this to protect your interests. You could use an attorney and have that person draft your contract or you could use a buyer's agent who would use the proper jurisdictional contract, forms and addendum. An auction would have its own rules but I think you are talking about beginning that negotiating conversation that starts with an offer. I believe there are more parts to this question so please contact me and we can talk about the procedure.
0 votes Thank Flag Link Tue Apr 2, 2013
Hi. What are you looking to make an offer on? Feel free to contact me directly if you need assistance with any properties.

Wishing you the best,

0 votes Thank Flag Link Tue Apr 2, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer