Wednesday, January 30, 2008

Offers to Purchase Your Des Moines Iowa Real Estate

When you receive an offer to purchase agreement, this great news means that a buyer wants to purchase your Des Moines Iowa Real Estate. You will want to review a blank real estate contract so you can have a better understanding what the buyer’s is offering.

One spot you will want to check is above the signatures called the “special clause” section. This can be any stipulation that is not standard.

Before you sign any offer you will want to be certain that the buyer has been pre-qualified or pre-approved on a mortgage loan, one that will cover the entire purchase of the Des Moines Iowa Home.

After you have reviewed the contract for your Des Moines Iowa House you have three options:

  1. Accept the offer. This is agreeing entirely with the buyer, and then signing the contract.
  2. Make a counter offer. If you do not accept the offer completely, this can be a way to tweak what has been offered. You have two simple ways that you can counter the offer. One way is to make adjustments on the offer that will have to be approved by the buyer. The other way is to fill out your own sales agreement writing the conditions that you seem fit.
  3. You can simply not accept the offer at all
Keeping in mind if the asking price of your Des Moines Iowa Home seems lower than you were thinking, you will want to check the conditions that could make up for the price elsewhere. 

It will be entirely up to you if you will sign the agreement before you receive the earnest money. The earnest money check should be made out to you but held by a third party (real estate attorney, buyer’s real estate agent, etc.). 

One thing to remember before you sign a contract for your Des Moines Iowa Real Estate is to be comfortable with the agreement.

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