1. Rent or Buy? | 2. Clean Up Your Credit | 3. Get Pre-Qualified | 4. Find an Agent |
5. Get Pre-Approved | 6. Make an Offer | 7. Home Inspection | 8. Prepare for Closing |
9. Attend the Closing

6. Make an Offer

In deciding the amount of your offer for your future home, you should consider several issues—the asking price vs. comparable home sales, market conditions, other offers, how badly you want the home, the home's condition—just to name a few.

Once you find the home you want, you'll find yourself in the process that takes you from completing your loan application to the closing. In many ways, this process will feel like a rite of passage. And although every buyer's experience seems unique, the path to home ownership is reassuringly consistent across the country. The clearer you are about what's ahead, the easier your home buying process should be.

When you are finally approved for your loan and have decided upon an offer amount, you can make a "bid" or an offer on the home. Your agent presents your offer to the seller's agent who in turn presents it to the seller. Most offers stipulate a response within 24 to 48 hours. They either sign your contract agreeing to your offer, decline your offer, or submit a counter-offer. If they present you with a counter-offer, you can either agree with their terms or make another counter-offer. This process continues until you come to an agreement that satisfies everyone.

Once an agreement has been reached on the offer, it is time for the home inspection.

An Allpointe Mortgage Advisor can help guide you through this process. Call us today at 866-255-3535 or click on the link below to continue to the home inspection.