Eugene Oregon Real Estate

Writing an Offer (Home Buyer Tip 6)

Now that you’ve decided on a home that fits what you are looking for it is time to write an offer. “But how much do I offer?” Well in the Eugene/Springfield Oregon area there are some pockets that can differ in price so the wisest idea is for us to complete a Market Analysis for the property you have chosen. This will show us the activity for properties that are similar to the home that has been selected. This is a very important step; missing little things in an offer can really affect you after the closing. Such things as making sure that any appliances that you would like left in the home or if there are some decorative blinds you would like to be left. We’ll sit down and go over our market analysis and then determine a fair value to offer as well as figure out what items you would like to be included. This is also the time we negotiate any closing costs that we would like the seller to pay. You will want to check with your Loan Officer to get an idea of what the total closing costs will be. A successful offer will generally include a deposit which is considered your good faith to buy the home. If a home has a few offers that are being presented that are very similar then the offer with the largest deposit could be the offer that gets accepted. This amount is typically no less than $1,000 but again, your offer will look stronger with more of a deposit.

Recap:

• How much do I offer?
• We’ll prepare a current Market Analysis for the selected home
• The little things are important!
• Get an idea of the estimated closing costs from your lender
• Be prepared to make an initial deposit as good faith with your offer