Each step includes articles written specifically about the issues you need to address and how to make sure you get the best home at the best price and close on time without drama.;xNLx;;xNLx;Your host is Chuck Marunde, J.D., Attorney (Ret.) and Real Estate Broker, Sequim & Port Angeles Real Estate, LLC.
Once you've found your dream home, the first step is drafting the offer.
Negotiate the Best Price
Negotiating the best price and terms is the most critical step.
You may receive a counteroffer. This is where you get in the trenches.
Before You Make an Offer #1
Before you make an offer on a home, there are several preliminary steps.
Before You Make an Offer #2
Hire an agent who works exclusively for you, not a dual agent with a conflict.
Never Let an Offer Die
Be prepared for a counteroffer to the counteroffer. But it is also important to know the games people play. Dropping the ball in a negotiation by not responding to an offer is one of the biggest mistakes inexperience makes. Read this article at "Find Out More."
When an offer is accepted, or the counteroffer is accepted, or the counter to the counter is accepted, you have mutual acceptance. This is when we address the contingencies in the agreement, usually found in the addendums to the agreement.
The biggest contingency in most transactions the financing. The home must appraise for the sales price, not less.
The home inspection is critical, because it is here where you will discover potential problems with the property.
Private Well Contingency
If the home has a private well and is not on a public water system or a community water system, you will need a well inspection.