Making an Offer

A written proposal is the foundation of a real estate transaction. Oral promises are not legally enforceable, and rarely considered serious, when it comes to negotiating the purchase of real estate. Therefore, you need to enter into a written contract, which starts with your written proposal. This proposal not only specifies price, but also all the terms and conditions of the purchase. 

As  REALTORS®,  The Morper Group, LLC, utilitizes attorney approved standard purchase agreements (and other forms)  to help you put together a written, legally binding offer that reflects the price as well as terms and conditions that are right for you.  Keep in mind that the purchase offer or contract must conform to state and local laws and that incorporates all of the key items. State laws vary, certain provisions and disclosure laws, may be required in each individual area, municipality, county, etc.  Then, as the offer progresses, the Broker at The Morper Group. LLC,  will guide you through the offer, counteroffer, negotiating and closing processes.  Although time is of the essence, it is important to be flexible, open minded and creative in most processes.

Accepted Offer

The purchase offer you submit will become a binding sales contract (known in some areas as a purchase agreement, earnest money agreement or deposit receipt). Both parties are bound to follow through to the closing, according to the terms of the contract. So it's important that the purchase offer contains all the items that will serve as a "blueprint for the final sale." 

Negotiating Tips

You're in a strong bargaining position, that is, you look particularly welcome to a seller, if:

  • you're an all-cash buyer
  • you're already have a preapproved mortgage/financing 
  • you’re able to close and take possession at a time that is especially convenient for the seller

It's very helpful to be flexible.  All cash speaks boldly to most sellers because it allows them more flexibility to move onto the next deal.  Are you willing to close in 15 days or in 3 months?  Depending on the situation of the seller, one or the other may work better.  Do you have a 20% or more down payment or are you willing to add something to the down payment offer? Are you willing to exchange another property for part of the down payment?