Writing an Offer on the HomeWhen we have found the right home with you, we will sit down and go over the paperwork necessary to present an offer on your behalf. This will include a form which is promulgated by the Texas Real Estate Commission, along with any necessary addenda. We are all well-versed in these forms so it doesn't take very long to prepare an offer.
If you are purchasing a new home, the builder will generally have proprietary forms which we will go over together at their model or on-site trailer. Since we have worked with a good number of local home builders, we can sometimes help as questions arise during the contract phase. Even if you do not decide to use our team to purchase your home, we highly recommend using a Realtor on a new home purchase, so that you have someone "looking out" for you.
Things that you normally need around the time that the contract is written include a check for the earnest money (we use a guideline of approximately 1% of the sales price) and a much smaller check for the option fee. The option fee is paid directly to the seller on a resale home and this gives you, the buyer, the unrestricted right to terminate the contract within a negotiable number of days after the executed date. If this sounds confusing, we can clear it up when the time comes. Many of our buyers like to review the contract paperwork in advance in order to clear up any questions.
After the offer is written for your home, we will contact the listing agent to get the offer to them, either in person or via fax. After this occurs, we begin negotiating to get the best deal possible for you.