figuring out how to make an offer on a house that’ll turn you into a homeowner is no small task. from down payments to contingencies, escrow accounts to counter offers, here’s a guide to understanding the process, enlisting expert help, and determining how to make an offer on a house you could someday call home. here’s how the basic home offer process typically goes: a lot goes into the number you start with when making an offer on a house: your budget, the local market, the seller’s situation, the condition of the house, and more. knowing your needs, the local market, and the right strategy for each property is your agent’s job. contingencies are things you expect to happen between the signing of the purchase agreement and closing that could change or end your contract. these protect you by allowing you to walk away or renegotiate your offer if the house has hidden issues or isn’t worth as much as you thought. if you know the seller is in a rush to move, you could offer to close quickly.

but of course, she had a client call me that’s been on the market since july and still loves her and is planning to relist. if the agent can’t get it sold in 3 months, then i’d definitely want to look at new strategies and a new agent’s take on things. i sold my first house using a 6 month listing and was the biggest mistake i ever made. most will renew their listing with me as long as it takes to sell the property but i can assure you i will not take a 3 month listing. in my area the ‘typical’ dom is 365. well, i will stick to my guns and request a 3 month or an unconditional clause. cancellations can be for a number of reasons, but if it was a company referral it probably will be re-assigned if the seller still wants to sell. when i sign a listing contract, it is under the direction of the broker, with the brokers approval, i don’t understand your argument. it takes me a full month, most of the time, just to get my listings in the real estate book.

elizabeth weintraub is a nationally recognized expert in real estate, titles, and escrow. a real estate purchase contract is a binding agreement, usually between two parties, for the transfer of a home or other property. the parties must both have the legal capacity to make the purchase, exchange, or other conveyance of the real property in question, and the contract is based on a legal consideration, which is whatever is being exchanged for the real estate. if a contract to purchase real estate is not written and signed by both the buyer and seller, it is not enforceable. the purpose is to prevent fraud and avoid situations where a court has to believe the word of one party over another. various templates and forms that allow you to create your own purchase contract are available but consider consulting an experienced real estate attorney or agent.