7 STEPS TO BUYING A HOUSE
   
4. Make an offer.
  When you’re ready to make an offer on a home, your real estate agent will help you determine the offer price by reviewing recent sales of homes similar in size, quality and amenities. With your input, your agent will draft a written contract that outlines what needs to be done by both parties to execute the transaction. If the seller accepts the offer, the document becomes a binding agreement, so it is imperative that you carefully review it with your agent and speak up if anything is not clear to you. It’s important to note that if the seller changes any aspect of the offer, it is not a binding agreement until the buyer agrees to the seller’s changes.
   
5. Offer Acceptance.
  Sometimes, you get lucky and the seller accepts your offer as is. However, in most instances, the seller will make a counteroffer. This is where your real estate agent’s experience in negotiations will be invaluable. Keep in mind almost everything is negotiable when you are buying a house. Remain in close contact with your real estate agent so you can quickly review any changes from the seller.
  Remember: Bargaining is a business process that involves compromise and mutual respect. Some items you may negotiate includes:
 
  • Price
  • Financing
  • Closing costs
  • Move-in date
  • Repairs
  • Painting
  • Appliances and fixtures
  • Landscaping