Making an offer to purchase

Using comparable home sales

Make your offer

Ernest money deposit

Contingencies in a purchase agreement

Agreeing on price & terms

Home warranty

Agreeing on price & terms

Besides agreeing on price, the buyer and seller must meet on terms as well. As the buyer, you’ll want to make sure certain contingencies are written into the contract to protect your interests. The seller might have his own contingencies as well that he might ask for in the contract. Along with contingencies, in the offer to purchase contract, you’ll need to include how you intend to finance the home, how much down payment you’ll be using, who pays what closing costs, terms of cancellation, what inspections are to be done and performed by what company, escrow period, timetable periods for certain things to completed, when you get physical possession of the property, and how to settle disputes should they occur.

As complicated as it may sound, your agent will assist you through this process and help you better understand the technicalities and legalities of purchasing real estate. California is a very litigious state, and it is very important to be represented by your own professional Realtor.

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1-866-OC-House

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Written By Shan & Raschel Roberts