What does it take to go under contract on a home? Check out today’s message to find out.
There are three key steps you and your Realtor will need to follow in order to go under contract:
Pull the disclosures. These statements, which come from the seller, describe all relevant information about the property in question. Disclosure statements contain a list of any and all known issues with the home, both past and present. The statement will also include information about how, or if, these issues were resolved.
Pull a CMA (comparative market analysis). This analysis essentially involves your agent reviewing sales data from any similar area properties that closed in the last three to six months. By looking at this data, your agent will be able to determine the home’s fair market value.
Negotiate a deal. Once the first two steps have been completed, you and your agent will be well prepared to negotiate a fair deal.
If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.