Thousand Lakes Realty
Eric Ristey

Writing your offer to purchase!
As we discussed earlier, we all finished our homework and have worked together to reach the final goal. Helping you own a piece of land. The offer to purchase consists of a few primary parts. The price, contingencies, earnest money, and a closing date. Part of my duties as a professional is to help you understand these elements.
While the purchase price is negotiable, please keep in mind if there are more than one offer being presented to the seller on the same piece of land, usually the person who offered the most money is the ones whose offer gets accepted possibly without a counter offer from the seller to any of the parties. So, while you are making your offer you should always put your best foot forward. Your goal is to own this property so make your offer one that will stand above other offers that may be submitted. A short closing time along with an offer without several contingencies is also helpful.
A clean offer-that is an offer with little or no contingencies always looks favorable to the seller. A contingency is a condition of the sale, the fewer the hoops to jump through the more attractive the offer looks to the seller. That’s where doing your homework ahead of time pays off.
Earnest money shows the seller that you are making a commitment to purchase this property. Your earnest money is deposited into a trust account and is 100% refundable if your offer is not accepted. If your offer is accepted your earnest money will be applied to your purchase at closing.
The closing date, the date that your dream becomes a reality. Remember the sellers goal is to sell, and your goal is to start enjoying your new investment. The quicker the closing, the less the seller has to worry that something may happen, and the property has to go back on the market, and a quick closing solidifies your offer as a serious one.
Congrats! Your own your way of making your dream a reality:
                      Next the offer is written now what happens? (part 7)
                                                       Eric Ristey

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