Submit Offer

When you and your family have talked over all of the pros and cons of submitting an offer to buy the house you will let your agent know that you want to submit a bid. Part of making this decision and the amount you are going to bid should involve your agent. Coming to a purchase bid price is not an easy decision. You have to factor in the closing costs, others bidders and the inspection report. The inspection report should have be copied and submitted with any bid you are going to offer. You really need to be sure you can handle it financially and have enough left over for repairs and maintenance every month.I would go over your finances again and then have your agent submit your bid. There are 2 things that can happen once the bid has been submitted. The first is that the seller will accept your bid. The second is that the seller will send a counter offer. You then have the option to accept the counter offer or send it back again with another offer and this can go back and forth numerous times. Once you all have decided on the final purchase price you will then have a stack of papers to sign. This is the part that can be extremely scary to some buyers as they do not understand the wording of these documents. Very relaxing is to play Farmerama.

Your real estate agent incentives mallorca can help you through this and explain what all the papers are. Once the papers are signed you will then go into escrow. There are different types of escrow that can range anywhere from 2 weeks to 60 days. The length of escrow should have been decided during the offer process. Once escrow is over and your loan closes you will get the keys to your perfect house. You have just made the biggest purchase of your life and with this information hopefully it will be the happiest and satisfying home for years to come.