Making an Offer On a Home

1
Making an Offer On a Home

• ITT Employees Federal Credit Union

2
How Much To Offer
How Much Should You Pay for a Home? There are no
concrete answers to that question. However, here
are some things to consider.

• Market Value
• House Condition
• Sellers Motivation

3
Earnest Money
Shows a seller that you are serious about buying
the home.
4
Contingencies and Provisions
Contingencies are things that must be done for a
contract to take effect. Your offer to purchase
will be contingent on.
The results of the professional home
inspection Your obtaining financing
The Home Appraisal
5
List Everything
The home says that it comes with a refrigerator,
but make sure on the offer, you list the type of
refrigerator. As honest as we hope people are,
some will switch out an appliance and put in a
cheaper one. Anything you dont write down, the
seller can remove from the home, so be thorough.
6
Making the Offer
You need to complete a purchase and sale
agreement to make an offer on a home. An Agent
will help you complete this.
7
Counter Offer
If a seller doesnt accept your offer, they may
choose to come back with a counter offer. You
then have the option of accepting it, sending a
counter offer back, or walking-away.
8
Take Your Time
Remember, dont make an offer until you are ready
to make a commitment.
9
Let Us Help
Dont forget to get pre-approved before you make
an offer on a new home. Give us a call at
260-451-6161 or 260-451-5095 or you can contact
our lending partner USA Financial at
1-800-591-0123 ext. 102 and ask for Matt. Just
let him know youre a member of ITT Credit Union
and he will be happy to assist you.