The home buying process can be very complex and it is important that you have an experienced attorney to guide you through. When it comes time to put an offer in on a house, there are a number of factors that must be taken into consideration. Though the home is listed for one price, you don’t necessarily have to make an offer for the full asking price of the home. It is important to take in a few factors when determining what your offer will be. If there are other people also interested in buying the house, you may want to put in an offer for full asking price. If not, there may be room to negotiate a lower cost.
If the home has been on the market for a while, you may also be able to put in a lower offer. Keep in mind, the seller can always come back and request another sale price. Sellers may be more interested in those who can put down a larger down payment. You may also want to consider how you will handle closing costs and whether they will be factored into the total amount of your offer.
You will also be required to include a pre-approval letter and a cover letter that shows you are completely prepared to purchase and close on the house.
If you need the assistance of an experienced real estate attorney to guide you through the legal aspects home buying process, contact the Mark Scollar Law Office.
If you require experienced legal representation for any of your residential and commercial real estate, bankruptcy, or family law matters, contact the Mark Scollar Law Office today to schedule a consultation.