How the Offer Process Works
When you decide to make an offer on a home, here’s what typically happens:
- I’ll recommend a price that has the best chance of being accepted by the seller, based on the price other similar homes have recently sold for, the condition of the home, and how many days it has been on the market. You are the decision maker, though, and you tell me what price you are comfortable offering.
- Obviously, sellers prefer offers that have as few conditions as possible. The Colorado standard-form contracts include a number of conditions designed to protect the buyer. However, I may suggest adding or deleting a condition, depending on the specific situation. Once again, you decide what you are comfortable with, and direct me to write up the offer accordingly.
- I’ll prepare the necessary documents for your review. Only when they meet with your approval, and you have signed them, will I present your offer to the seller through his or her real estate agent.
- If the seller chooses not to accept your offer but makes a counter-offer, I’ll work with you and with the seller’s agent to see if we can come up with a mutually acceptable compromise.
- I’ll communicate with you throughout the entire process. As your agent, I work for you, and only do what you have approved.
- Once the seller agrees to the sale, I’ll guide you through the process needed to eliminate the conditions and close the deal. At that point, the home is yours!
I would enjoy answering any questions you may have. Please fill out the form below, call or email me.