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W
rite the offer to purchase

Before writing the offer to purchase, it is very important that you have been at least pre-qualified or better yet pre-approved by a lender. This is one of the best negotiating tools a buyer can have. It shows the seller that you are financially able to purchase the home. After you have found the right home, it is time to prepare the offer. 

In Wisconsin, the offer to purchase is a five page document, plus optional addendums. It covers all facets of the purchase process, such as:
  • Purchase price- your offer may or may not be the same as the asking or list price
  • Earnest money deposit- money to show that your offer is made in earnest
  • Down payment- the amount is usually determined by the type of financing
  • Contingencies- protective devices in the sales contract that let either the buyer or seller declare the sale null and void under certain circumstances, i.e. financing, inspections, sale of buyer's property
  • Personal items you wish the seller to include and exclude i.e. appliances, sheds, swing sets
  • Closing and occupancy date- this is the date the home is yours and you can move in and the seller moves out
  • Time limit after which your offer will be null and void

Once you make the offer, I, as your Buyer's Agent will present it to the listing agent and they in turn will present it to the seller. The seller may do one of three things: accept it, counter it, or reject it. If your offer is accepted, it is a legally binding contract. If not, we may need to negotiate.

As your Buyer's Agent, I can help you Negotiate with the Seller.

 

 

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Mike Burns,
CRS, GRI
REALTOR®, Broker-Associate


COLDWELL BANKER
The Real Estate Group, Inc
COLDWELLHOMES.COM



5725 Windy Dr Suite E
Stevens Point, WI 54482

Direct: 715 295-5008
Cell: 715 498-1248
Fax: 715 295-5006

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