Let your Equity Partners agent help best prepare you to make an offer by first providing a Comparative Market Analysis of recent sales for similar properties to help you come up with a fair market value price range. Then, you can analyze additional data, such as the condition of the home, improvements made to the property, current market conditions in that neighborhood, and the circumstances of the seller. This will help you settle on the initial offer price you put in the Purchase Contract.

What is fair market value? Fair market value is not a firm number, rather, it is a price range obtained by factoring in current market conditions on recent sales of similar properties. Your Equity Partners agent can help you determine a fair market value, and help you work out a negotiating tactic that creates a winning situation for all parties involved.

How Equity Partners agents help you through the process:

• Determining what terms and conditions you would like to offer.
• Preparing and presenting your offer.
• Determining what will best overcome the seller’s objections in a counter offer.
• Prepare and present your counter offer.
• Utilizing our skills and talent to negotiate on your behalf.
• Protecting your best interests in the negotiating process.
• Consulting our supportive, experienced management team when necessary.
• Fully communicating with you throughout the negotiating process.

Home Inspection

A home inspection is conducted by an independent third party who will inspect the property and review items that should be addressed prior to closing. Such items may include the condition of the roof, hot water heater, air conditioning and heating systems, light fixtures that need to be repaired/replaced, and much more. You will be provided a report with the findings, review this with your Equity Partners agent to determine if there are any items that should be addressed with the seller prior to closing.

Home Appraisal

If financed, a home appraisal may be conducted on the property by an independent licensed third party to ascertain the property’s current value.

Financing

Although you were probably pre-approved for your loan to purchase a home, now is the time to have all the paperwork finalized and underwritten.  For more information, contact your Mortgage Consultant.

Home Warranty

A home warranty can be purchased to protect the buyer from unforeseen repairs that need to be made after closing.  Ask your Equity Partners agent for more information.

Homeowners Insurance

As you prepare for the closing of your new home, you will need to purchase homeowners insurance. This is usually required for closing with your Mortgage Company. 

There are many more steps in navigating the closing and funding process for your new home. Your Equity Partners agent is an expert at this process and can help make it an easy and enjoyable experience.