In any competitive home buying market, it is important for the buyer to do everything possible to get the perfect house. If you have been looking at homes for sale in Mount Pleasant SC and you have finally seen a house that you love, the quality of the purchase offer might make the difference when it comes to clinching the deal. A poorly written purchase letter can reflect badly on the buyer and it can greatly reduce the chances of getting the house. To improve your chances of getting your offer accepted, you can follow a few simple tips.
Using the right documents
It is very important to use the right forms when dealing with home purchase. This is a serious investment and one that usually calls for different contract documents. There are many different types of purchase agreement forms and you need to make sure that you identify the right ones to make your offer more authentic. When you embark on home buying in Mount Pleasant, it helps to get educated so that you can make an informed decision.
Making the purchase offer
You need to determine the purchase price that you are willing to offer. You need to be specific about the offer to indicate your commitment. Put down the price that you have in mind and avoid resorting to acceleration clauses such as offering to pay a certain amount over and above the best offer. It is, however, advisable to make an offer that is slightly lower than you are willing to pay, as this will give you more room for negotiations. Consult the real estate agent about the best price but remember that you make the final decision. For the purchase offer to be binding, a good faith deposit may be necessary.
Indicate the down payment
You need to disclose the down payment that you intend to make. This payment can be in the form of cash, stocks, promissory notes or any other assets. In some states, verification of the down payment will have to be carried out within a certain period. If you intend to sell assets to come up with the down payment, make sure that you disclose this information. You will also need to indicate the financing terms for the entire purchase. Include information about the type of financing that you are hoping to obtain.
The purchase letter should also include details on contingencies like loan funding, appraisals and physical inspections. Address issues of possessions and make sure that the letter is clear on which party pays the fees and other expenses. Include a clear expiration on the offer but ensure that you allow the seller time to consider it carefully.