Starting The Buying Process

So you've found the home of your dreams and you're planning to make an offer. Here are the steps your sales associate will help you take.

Decide how much you want to pay for the home you've chosen. Consider how long the home has been on the market and how reasonable the asking price is. You should also decide the top amount you're willing to pay. However, keep that figure to yourself to maintain your ability to negotiate.

In your offer, spell out the special conditions of the purchase. Include items such as appliances and window treatments, and closing and occupancy dates. Your purchase may be contingent on your ability to obtain financing or a favorable inspection report.

You will submit earnest money with your offer. If you buy the home, the earnest money is applied to the downpayment or closing costs. If your offer isn't accepted, your money will be refunded.

The seller will either accept or reject your offer. If the offer is rejected, you may be presented with a counter offer.