Step 4: Make an Offer
Woohoo! You found the perfect home for you and your family! What to do next?
Make an offer!
Offers are contingent upon three things: price, terms, and contingencies.
- Price is obviously the dollar amount you are approved for, willing, and able to pay.
- Terms cover the other financial and timing factors that will be included in your offer.
- Contingencies are clauses that let you out of the deal if the house has a problem that didn’t exist or that you weren’t aware of when you went under contract. Contingencies specify any event that will need to take place in order for you to fulfill the contract.
Considering these three items, your agent then conducts market research on the home to determine its fair market value. From this, you and your realtor can then fashion an educated and informed offer to the seller.
For more information about making an offer, contact me and we can discuss your questions in general or look at a specific home you have your eye on.
Whether your looking to make an offer on a home for your family in northwest Las Vegas or another part of the valley, DaLea can help you take the next step to home ownership and finding a home.
Photo by Charles Henry