Step 5: Negotiate

When making an offer on a property, it is important to decide ahead of time how much you are willing to pay and on what terms. We will provide you with an approximate fair market value and other valuable information from the public county records.

Other important considerations include what personal property do you want the seller to leave and when do you want to close and take possession of your new home or investment property.

Once your offer has been presented, the seller will either accept your offer outright, reject your offer outright or counter your offer. Sometimes the counter process can go back and forth a few times.

A lengthy and verbose report on The Art of Negotiating can be found here.

Once your offer is accepted, it is time to open escrow with a reliable title company. As part of your contingent offer, you will have asked for time to be allowed to have a professional inspection and appraisal done to the property and also time to review the results and approve the seller's disclosures.

You have made it! Time to celebrate and think about how you will enjoy you property!

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