What to Offer

A Real Estate Professional can help you find your perfect home, but only you can decide how much you are willing to offer for it. The Real Estate Professional can supply you with information about the selling prices and marketing time of other houses in the area.

Once you have determined the amount you are willing to offer, the Real Estate Professional will help you prepare a written offer. In most transactions you will offer to deposit earnest money with the escrow agent. Earnest money manifests your sincerity in making a reasonable offer and abiding by the terms of the written contract.

Contract forms
Your Real Estate Professional will help you prepare an offer using standard forms. The offer, if accepted, will become a binding contract. This document is the most important paper you will sign because it lays out all the terms of the transaction. It will contain such things as:

• a legal description of the property,
  
• any property that will be transferred with the home, (blinds, curtains, fireplace screens, etc.)
  
• the price,
  
• financing conditions and contingencies,
  
• amount of earnest money deposit,
  
• name of the escrow agent and title company,
  
• proration of insurance, taxes, and interest,
  
• fees to be paid and who pays for which,
  
• rights to inspect the property and for repairs to be made,
  
• dates of closing and possession, and
  
• what happens if either party defaults on the contract.

Inspections and warranties
Before signing the contract, take precautions to protect yourself against unseen defects in the home. An inspection by a qualified inspector or other professional can provide you with unbiased opinions about the condition of components and systems in the property such as the foundation, mechanical systems, plumbing systems, appliances, etc.

If you can, accompany the inspector at the time the inspection is conducted. When ordering the inspection, ask the inspector the approximate time needed to complete the inspection so you can reserve sufficient time from your schedule. Be sure to ask the inspector to detail the scope of the inspection. Not every inspector inspects every component in a house. For example, does the inspector inspect foundations, air conditioning and heating units, roofs, swimming pools, septic tanks, etc.? The cost of home inspection depends on the size of the home, but the price could prove to be worth it. It's also a good idea to get a termite and other wood destroying insect inspection.

You may also want to investigate the possibility of buying a residential service contract. Such a contract is an agreement with a residential service company that certain items will be repaired by the company if such items fail to function after you move in. If you buy a new home, the builder may offer a warranty as well. Whether you buy a residential service contract or receive any other warranty, find out how claims will be processed and how any necessary repairs will be made.

Seller's options
The Real Estate Professional working with you will present the contract to the seller's agent or seller. The seller has three options: accept, reject or make a counter offer. A counter offer is a rejection of the offer with a simultaneous offer from the seller to the buyer. If a seller makes a counter offer to you, you then have three options: accept, reject, or make another counter offer. Whoever makes an offer or counter offer is giving the power of acceptance to the recipient of the offer or counter offer.

Binding contract
Once you and the seller unequivocally agree to the written terms and both of you sign, the document becomes a binding contract.

As part of the contract you may have the right to have the property inspected and certain repairs may be required to be completed. Be sure that you pay close attention as to when certain items must be completed. Otherwise, you may waive some contractual rights. For example, the contract may provide for you to deliver a copy of the inspection report to the seller within a specified time and to deliver a list of the items you require to be repaired. If you fail to provide the information within the specified time, the contract may provide that you waived certain rights.

The contract may also set out other contingencies that have to be satisfied. We cannot address all conditions and contingencies. Read the contract carefully, know its terms and comply with its requirements timely.

If repairs are required, the contract will specify who will bear the cost of the repairs, who will arrange for the repairs, and when the repairs must be made. Before you close, be sure that the condition of the property meets the required condition specified in the contract.

WE HELP YOU AND THE PEOPLE WHOM YOU CARE ABOUT GET TOP DOLLAR FOR YOUR PROPERTY

AND GET THE BEST VALUE WHEN PURCHASING A PROPERTY!

We put our many years of experience to focus on YOUR real estate goals as your real estate trusted advisors and dedicated advocates.  Helping Buyers and Sellers Throughout the Valley With Special Focus in Scottsdale, Phoenix, Paradise Valley, Tempe, and East Valley. Special knowledge in residential remodel homes & remodel opportunities, and green building / high performance and solar homes. 

Our team is looking forward to working with you!

Our business is built by happy clients. We invest our time delivering exceptional service to our customers. As a result, our valued customers, suppliers, and friends refer their family members, co-workers, neighbors and other people they know and like to us for advise on residential real estate in the Phoenix area.

Some Credentials & Memberships

• Arizona Real Estate Broker
• Solar Broker, Independent Solar Energy Consultant
• National Association of REALTORS
• Arizona Association of REALTORS
• Scottsdale Association of REALTORS
• Graduate Real Institute 
• Certified Negotiation Expert
• NAR GREEN Certified
• EcoBroker Certified 
• Certified Sustainable Building Advisor Certified
• City of Scottsdale Environmental Advisory Commission
• Valley Leadership Alumni
• Scottsdale Leadership Alumni
• Arizona Green Chamber of Commerce
• Short Sale and Foreclosure Resource
• US Green Building Council Arizona Chapter
• USGBC Residential Green Building Committee
• GREEN Resource Council
• Arcadia Realtor Tour
• South Scottsdale Home Tour
• Heart of Scottsdale Home Tour
• Luxury Home Tour, Paradise Valley
• North Central Tour
• Central City Home Tour
• Phoenix Historic Home Tour
• Scottsdale Association of Realtors
• SAAR Sustainability Committee
• SAAR 2017 Leadership Academy
• Former Texas Real Estate Broker