Before the offer to purchase is created, it is very important that you have been at least pre-qualified or better yet pre-approved by a lender. This is one of the best negotiating tool a buyer can have. It shows the seller that you are financially able to purchase the home. After you have found the right home, it is time to prepare the offer. In Illinois, the offer to purchase is a five page Earnest Money Agreement. It covers all facets of the purchase process, such as:

• purchase price
• amount and type of earnest money
• contingencies (financing, inspection, etc.)
• personal items you wish the seller to include (washer/dryer, etc.)
• closing date
• time limit after which the offer will expire
• responsibilities of both buyer and seller

Once you make the offer, we present it to the Seller and their Agent. The Seller may accept it, prepare a counter offer, or reject the offer all together. Once the offer is accepted, it is a legally binding contract.

Next Step...Negotiate with the Seller

Bob Hall North Star Realty Info@northstarrealty.ws Mobile: [847] 276-0583 Office: [847] 934-4414 Fax: (847) 934-4471 210 North Hicks Place Palatine, Illinois 60067