Buyer Basics

Making an Offer

How do I make an offer on a house?

So, you’ve found the home you can see yourself living in—what’s next? How does it all work? Where do you sign? I will guide you through the process, but in the meantime, here’s a preview of what you can expect.

  • Negotiation

    When making an offer on a home, your agent will negotiate on your behalf regarding price, repair costs, contingencies, timelines, and more to get you the best deal. After you make an offer the seller can either accept it, reject it, or make a counteroffer.

  • Contracts

    Next comes the contract: the legal agreement both the buyer and seller enter into once the buyer’s offer has been accepted by the seller. Signed by both parties, it outlines the terms and conditions of the sale and brings you one step closer to having keys in hand!

  • Earnest Money

    Earnest money, also known as a good faith deposit, is money put down before closing into an independent account to show the seller that you’re serious about buying. In return, the seller agrees to take the home off the market. When the sale closes, the earnest money goes toward the down payment or closing costs.

  • Home Inspection

    Once the Purchase and Sale agreement is signed, a home inspector is hired to examine the home’s health, safety, and major mechanical systems. If any issues arise from an inspection, you may be able to renegotiate your offer. Get to know the ins and outs of home inspections and how to hire the right inspector: Home Inspection: A Reality Check from a Pro.

  • Financing

    After your offer is accepted, the next step is to get final loan approval. During this process, your lender will decide if they’re willing to approve your mortgage based on your creditworthiness, the home’s appraisal, its title history, and other factors. Breaking down your budget, taking your time to get your finances in order, and explore financing options will give you the best chance of securing a mortgage loan.

  • Title Report

    This is a report for you and your lender detailing the history of the home you’re buying to ensure that are no legal barriers to purchasing it.

  • Escrow

    Escrow is an impartial third-party process in which documents and funds are deposited by buyers, sellers, and lenders to facilitate the closing of a transaction. To learn more, you can read this short guide to understanding escrow.

  • Closing

    During this final step of the home buying process, ownership is transferred from the seller to the buyer, closing costs are paid, and several legal documents are prepared and signed, all leading to the closing date. After closing is finalized and recorded and the funds are disbursed, the home is yours!

  • Real Estate Terms

    Buying a house is like learning a new language; you’ll encounter plenty of acronyms and industry jargon along the way. Use my glossary of real estate terms so you can be in the know when it comes to real estate lingo.


My Proven, 5-Step Process to Help You Buy Your Home

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Ready to Make a Move?

Whether buying or selling, I'm here to help you cross the finish line to a successful real estate transaction.