Real Estate Matters: 11.10.2020
PRESQUE ISLE, Maine (WAGM) -You’ve finally found what could be your perfect dream home. Now its time to make an offer. In this week’s Real Estate Matters, Shawn Cunningham reports on the steps to do so diplomatically.
The destination to doorstep dream home is just a few footsteps away. First you have to make an offer. And that requires practicality and precision.
Stephanie Fields Realtor, Fields Realty LLC.
“you found the house you’ve fallen in love with you make sure you contact a realtor or attorney to help you make the offer and that way the realtor and the attorney are working in your interest.”
Shawn Cunningham NO STAND UP
And that requires a lot of moving parts starting with a purchase and sale agreement...
“the purchase and sale is a pretty lengthy document and when you make an offer we will fill out the contract and have you sign the buyer and seller will sign but the contract will state the details of the offer that includes in the offer for instance the price the financing details of the home and the earnest deposit.”
More about the last detail...the earnest deposit..
“the earnest deposit can be generally 1 percent of the offer price it is seen as a good faith deposit or a way for the seller to see that the the buyer is committed to purchasing the home that that is the only home they’re going to pursue they’re not making an offer on this house and looking at others.”
With all those details met, she says its important to have the insights and mentorship of a seasoned realtor and attorney involved to ensure the process goes smoothly or iron out any wrinkles that creep up...
“you wanna make sure that the contract is being met the deadlines are being met and the buyer and seller are both in compliance with a legal binding contract.”
Shawn Cunningham, NS 8.
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