The best magazine
- 1). Draft an offer in coordination with your real estate agent or lawyer. The offer should include a legal description of the property, the amount of earnest money offered, the down payment and financing details, the proposed move-in date and closing date and the offering price. Obtain the legal description from your real estate agent or lawyer. Earnest money is the amount of money you will offer the seller to bind the details of your home buying contract. The closing costs are the costs associated with transferring property from one owner to another.
- 2). Present the written proposal to the current owner. A lawyer or a real estate agent can take care of this task. Wait for the home owner to review the offer, and accept it or make a counter offer.
- 3). Prepare a counter offer in the event the proposal is rejected. The counter offer should be based on the seller's reasons for rejecting the initial proposal. In the case of an accepted offer, work with your real estate agent or lawyer to move forward in the home buying process.
Source: ...