• Skip to main navigation
  • Skip to content
  • Skip to footer

Contact Us

800-584-1490
Jeff@BrokerFARR.com

Broker FARR RealtyBroker FARR Realty

For Homeowners... and those who want to be!

  • Home
  • Ballwin MO
    • Castle Pines
    • Claymont
    • Westglen South
    • Westglen Woods
  • Wildwood MO
    • Crown Pointe Estates
    • Pine Creek
    • Westglen Farms
    • Village of Winding Trails
    • Winding Trails
  • Sellers
  • Buyers
  • Blog
  • About
  • Contact
SearchClose

Learn How to Make an Offer to Buy a House

Writing a Great Purchase Offer is Important

It is common to experience a variety of feelings but having prepared for this stage helps keep everything in perspective. Your Realtor will have researched the neighborhood, knows the environment, and has specific advice for preparing your offer to purchase this home. Broker FARR will walk you through the common questions and share the process of formulating a compelling offer with your purchase scenario.

  • How is their current asking price? Since you have already been shopping for a home, you will have a gauge of how other homes with similar features compare to this one. Your Realtor will also have data and a list of current and sold homes to compare the sales price
  • What is the home’s condition? Is this home move in ready or does it have any visible items that may need repaired before moving in? Understanding what is typical to what is important matters when calculating an offer amount? Consider any costs of improvement when deciding your initial purchase offer price
  • How long has the home been on the market? Generally, the longer a house has been on the market means that there may be other factors. Your Realtor will ask a variety of questions and comb through the data to share their findings and opinion to how this can help mold your offering price
  • Is it a seller’s or buyer’s market? If you have experienced those homes you’re interested in are being bought as soon as they’re listed means it is a seller’s market; offer accordingly. Now if houses aren’t selling fast, you may be in a buyer’s market which gives you more leverage in negotiating an offer to purchase. Again, offer accordingly.

Once you’ve have reviewed and determined how much you’d like to offer, your Realtor prepare and submit a winning purchase package to the seller for review. Additional details includes:

  • A complete legal description of the property
  • Amount of earnest money you’re depositing initially
  • Your down payment amount and financing details
  • A requested closing and possession date
  • How long your offer to the seller is valid
  • And a handful of professional suggestions from your Realtor

If possible, ease into the emotions as this could be just the beginning of the negotiation process. The seller has three options: to accept your offer, to reply with a counter to your offer, or reject your offer. Broker FARR will strategize with you on the best way to write, present, and negotiate your offer a most favorable outcome. An Acceptance – Congratulations!

Let’s Get Started

Reach Out Anytime

Broker Farr Realty - Missouri | 16024 Manchester Rd #200 | Ellisville, MO 63011
Missouri R.E. Commission #2021034863 / #2021042735

Broker Farr Realty - California | 2914 E Katella Ave #200 | Orange, CA 92867
California Dept. of R.E. #01336678 / #02188856
800-584-1490
Jeff@BrokerFARR.com
© 2023 · Broker Farr Realty, LLC

Disclaimer - Our intentions are pure. We are privileged to be REALTORS and to assist Homeowners with their real estate endeavors.

Privacy Policy · Listings Sitemap · Sitemap