Home Buying

Making an Offer

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  1. Is the offer to purchase binding?

    The most powerful document Without question the offer to purchase is the most powerful document you will be asked to sign in a real estate transaction. In many respects, the physical closing at the title company is simply a confirmation of what happened days, weeks or months earlier. This point in time can be stressful […]

    June 15, 2021
  2. The inspection contingency has a right-to-cure clause. We have two options to offer the seller but not sure which one to choose.

    Reader Question: We are making an offer on a home. The inspection contingency has a right-to-cure clause where we give the Seller the right-to-cure any defects found or deny the Seller the right to cure. We asked the agent for advice and were told, “It’s up to you.” How would you answer? Monty’s Answer:  If […]

    February 21, 2021
  3. What time límit to respond is best on my offer as a buyer?

    Our reader this week asks about a deadline for receiving an answer to an offer to purchase a home. It is a simple question but leads to the realization that potentially there are many deadlines to follow. This instant is where planning is required up-front to avoid a stressful and frustration filled experience. The expression “the devil’s in the details” may have originated in a real estate transaction.

    June 15, 2020
  4. The seller informed us today they will need six more days to move out. We cancelled some deliveries. Is there anything else we should do?

    Reader Question: We have a post closing occupancy problem. We closed on our home purchase in December. The contract calls for the seller to vacate 30 days after closing. The date and time set to deliver the keys and final walkthrough were today. This morning, the seller called to say they hadn’t finished moving out and […]

    January 14, 2018
  5. Should we offer over list price?

    Reader Question: We have been combing the market for several months, but nothing has hit on all cylinders until a new house came up yesterday and it has everything we need and more. It’s pushing our price limit at an asking price of 449k. We met our agent to see it this morning, and it […]

    November 20, 2017
  6. We want to make an offer, but the agent can't delivery the utility bills. My husband wants to go ahead, but I think they are hiding something. What can we do?

      Reader Question: We saw an open house we like. The agent did not know the cost of energy when asked and has yet to produce numbers. The agent contends, ” Every family is unique, and the costs will vary from owner to owner.” My husband just wants to make an offer; I am concerned […]

    May 16, 2016
  7. A real real estate agent displayed a form at an open house. We asked what it was, and they said "It is what you sign when you buy the house." What do you make of this?

    Reader Question: While attending an open house, the agent had a contract form displayed on the kitchen counter. They explained it as “what we sign if we want to buy the house.” We thought it was high pressure or presumptive because we showed no interest in the house. We are curious to why they displayed […]

    October 28, 2014
  8. Should I bid differently if it is a senior housing duplex?

    Reader Question: My wife and I plan to move to a retirement community. The plan involves selling our present home, and buying a duplex with monthly costs for services. Can you advise on buying a home in a situation where the agent handles all the details of the transaction? We are on a waiting list (deposit of $1500) that entitles us […]

    May 20, 2014
  9. What if I can't compete with other offers?

    Reader Question: Hi Monty, My daughter has been actively looking for a house through a Realtor. Every time she finds ‘the right house’ for her and her future husband, and bid on the house, someone has paid the full price for the house. Do you have any suggestions on what she can do? She is […]

    March 26, 2013
  10. How much below the asking price should I offer?

    Reader Question: When putting a bid on a home, how much below the asking price is a reasonable first bid?  Christina H. Monty’s Answer: Hello Christina, that is a good question. It is not an easy question to answer because with each property the circumstances of the seller are unique and your circumstances are also unique. […]

    December 26, 2012