knowledge to help you in the new state. If they do not, they likely can refer you to a good agent in the state. Essentially, “making an offer” means proposing a price to buy the property, and depending on the seller, the listing agent, your own agent, and the current housing market, that proposal could be equal to, less than, or more than the asking price. ***What if the buyer making an offer on my house doesn't have an agent? Can my agent represent them? Again, this is something you should discuss with your agent upfront. Should this happen, how will your agent handle it? Do you want them representing you and the buyer? My answer would be no. That is called dual agency and I personally have never thought it ethical. But there are plenty of agents out there that will swear it is possible. At the end of the day, it is for you to decide how you want it handled and to let your agent know. Today's process of actually drawing up an offer on a home is a bit complicated. Here are a few basic things that are important to know about when receiving or making an offer. The offer: • must conform to local regulations and standards; • must mention the amount being offered as well as the actual asking price (doesn’t apply in some states); • must include any terms and conditions on the purchase; • must be drafted and signed; • must be forwarded to the seller through an agent (your buyer’s agent or the seller’s agent); • is not a binding sales contract; • is the buyer’s offer on the house based on its current condition and according to the terms and conditions; • is subject to change if the seller doesn’t agree with your terms; • can be refused if the seller doesn’t accept the amount
49
Powered by FlippingBook