Metrowest Area Homes Team's Blog
What is an offer to purchase? It is the written proposal to a seller to purchase real estate. In order for a real estate transaction to be legally enforceable it must be in the form of a written contract. A written proposal will specify all of the terms and conditions of the purchase. After the offer to purchase it drawn up and the buyer signs it, it is usually presented to the seller by their real estate agent. In some cases both agents will present the offer to the seller. If the seller signs as is, it will become a binding sales contract. It is important that the offer to purchase includes items such as: - The address and the legal description of the property - The offer price - The date of the anticipated sale - The amount of earnest money deposit - Contingencies: for example the ability to obtain a mortgage, home inspection, and the opportunity for an attorney to review the contract - A preapproval letter from a mortgage lender is needed to show ability to buy - A time limit in which the offer will be good for Your real estate professional will be able to help you prepare the best offer for your circumstances. If you are considering a purchase this year and would like to get some answers as to the process, Call John today 508 277-1784 for a consultation.
Your Condo's value is changing! want to know the current value? Hopkinton Condo Market Reports September
The Hopkinton market has been very strong this year as compared to the same time period 2013. number of homes sold is up. average price is up and days on market is down (homes are selling quicker. Your homes value has changed! If you want to know the current value Call John 508 625-0059