In negotiating the sale of your Washtenaw County home, The Bouma Group will inform you of
each offer our office receives and we will meet with you
in person and in private to review the offer and go over the terms and
any recommended changes or counter-offers.
The major elements of an offer include:
- Legal Names of Buyers and Sellers.
- Legal Description of the property.
- Price-the amount the buyer is willing to pay.
Depending on the local market conditions, the buyer's opinion of value
and market information provided by their realtor, the price offered may
be different from the asking price.
- Amount of Deposit-The deposit shows the
buyer's good faith and will be applied against the purchase of the home
when the sale closes. Deposits are usually in the amount of $1,000 to
$5,000.
- List of Terms and Conditions- which might
include items such as obtaining financing, obtaining a satisfactory
building inspection, or subject to selling a buyer's existing property.
- List of Fixtures and Chattels that are
included and excluded. These might include appliances and certain
fixtures or decorative items, such as window coverings or mirrors, or
appliances such as fridge, stove, etc.
- Closing/Occupancy date-Generally, the day the
title of the property is legally transferred and the transaction of
funds finalized unless otherwise specified.
The offer will be written on a standard contract form. You may make
changes to the offer, ranging from small text changes, different closing
or contingency removal dates, to the purchase price--this constitutes a
Counter Offer. When the Buyer and Seller agree on all terms and have
signed the contract, the agreement is "bottom-lined." At this point, we
will monitor the buyer's progress in meeting all conditions, i.e. Financing, Inspections, etc.
An offer to purchase a home for sale includes many details. To learn more
about the offer process, contact the Ann Arbor Subdivision Specialists
at 734-761-3060 or info@bouma.com.