Leave a comment » Why is an Offer to Purchase Letter Important? - Del Mar Real EstateOnce you find the Del Mar home you want to buy, the next step is to write an offer of purchase. The offer is much more complicated than simply coming up with a price and saying, "This is what Ill pay." A properly prepared offer is as not as easy as it sounds and is a very important step in the buying process for it is the first step in negotiating a final sale price with the seller. The goal of the negotiation is to get what you want so view everything you include in the offer from the sellers point of view - always ask yourself how will the seller react. In an offer to purchase real estate, you include not only the price you are willing to pay, but other details of the purchase as well. This includes how you intend to finance the home, your down payment, who pays what closing costs, what inspections are performed, timetables, whether personal property is included in the purchase, terms of cancellation, any repairs you want performed, which professional services will be used, when you get physical possession of the property, and how to settle disputes should they occur. Both the seller and the buyer are trying to get the best deal possible and to limit liabilities. The time you spend carefully considering your offer letter is time well spent for this letter will affect how you will live and the seller will carefully scrutinize every detail because it will also affect their future.
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Posted on March 07, 2008 10:15:41 by Shawn Hethcock
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