
350 E Kathleen Ave
ste, 400
Coeur d' Alene, Id
83815
1-208-719-9010
Call or text
Mon - Fri: 9:00 - 5pm
Weekends by appointment Book your apt Here
ste, 400
Coeur d' Alene, Id
83815
Call or text
Weekends by appointment Book your apt Here
ste, 400 Coeur d' Alene, Id 83815
Call or text
Weekends by appointment
Book your apt Here
This is the never-ending question.
What makes for a good offer? How do I get the best deal?
For starters, it is going to depend on the market.
As we transition from a seller’s market to a buyers market the ultimate goal and process really is very similiar. And the question really is How do I manage to win the House?
With that said, let’s talk about getting to the offer.
You are going to want to make your decision with as much knowledge as possible.
You always want to be prepared before making an offer. And that Includes:
There is more to negotiations than just the price! Price is actually probably the easiest to get around. Some other issues your going to want to have the answers for before we write this up!
When do you need to move in? What works best to close this purchase. Sometimes that is a little further out than maybe a seller planned. Maybe your kids or the seller’s kids need to finish school. You are moving into a job and need the property sooner than later and you need the seller to move really quick. Those issues sometimes can affect the price.
Another thing to keep in mind Condition of the Home! You are probably going to have a Home Inspection and there will probably be some repairs that need to be done from that also. I’m not suggesting that you’re going to pay for that. I just want you thinking about all of the moving parts.
Closing Costs! This is a big one in our market. Do you only have enough cash for your down payment? If so you are going to ask them to pay your closing costs for your loan. That expense can run up to about 3% of purchase price. That is a big one you may end up paying a little more in the sales price to get them to pay your closing costs.
What is included or excluded in the home! If the seller wants to exclude the refrigerator for instance and you really need it that is another item that may be reflected in the price of the offer.
You probably already received the Idaho Disclosure of Agency! If not you will be seeing it at this time.
You may have also already filled out a Buyers Representation form If not you will probably also be seeing this at this time.
You should receive a copy of the Property Condition Report that will be the seller’s disclosure in writing of anything that they are originally including in the sale and whether its working or not working. I suggest you try to go over this prior to writing an offer but it is not always possible. You do have a built-in contingency in our contracts that if we submit an offer and they get us the property condition report 3 days later you have 10 days from receipt to rescind your offer if there is something in there that you can’t live with.
If the home is pre-1978 you will also receive a copy of a lead-based paint disclosure and a copy of the pamphlet on Lead Base Paint. That is something you should be aware of if you are shopping older homes or if you are shopping in the Silver Valley.
Once the offer is written up and signed it is ready to be presented to the seller!
The Offer is usually sent to the listing agent who works for the seller. With the offer goes a signed copy of the property condition report if we had it to start with along with lead-based paint if necessary. Also included is either a copy of your pre-qual letter or funds availability letter.
You can hopefully expect an acceptance! 2nd Best is at least a counter offer so you have a chance to fight again!
If you are ready to get started Contact me and we can walk thru the process and get that proverbial ball rolling!