Submitting an Offer

Once you have the right property and financing in place, the next step is to make a purchase offer to the seller.

• The best way to determine market value is with a Comparative Market Analysis (CMA) showing similar properties that sold recently, those that are currently active on the market and those that failed to sell.  Your Berkshire Hathaway HomeServices Smith Mountain Lake Real Estate sales associate will assist you in this process.
• Your Berkshire Hathaway HomeServices Smith Mountain Lake Real Estate sales associate will discuss with you an estimate of costs associated with purchasing this property.

• Items of personal property you want included with the house.
• Items of personal property you want included with the house.
• Warranty, inspections, repairs or other home enhancements by the seller.
• Closing date and possession.

• The seller will have three choices: accept your offer as it is presented; reject it completely; or propose adjustments to your offer (counter offer).
• If there is a counter offer, you can choose whether to accept it, reject it or counter it.

Once you have reached agreement with the seller, you have made a legal commitment to purchase the home and are bound to complete the purchase as outlined on the sales contract.