Writing An Offer On Hilton Head Real Estate
Your offer must be written and should include not only the price you are willing to pay, but other details of the purchase as well. This includes how you intend to finance the home, your down payment, who pays which closing costs, what inspections are performed, timetables, whether personal property is included in the purchase, terms of cancellation, repairs you require, which professional services will be used, the date you officially acquire physical possession of the property, and how to settle disputes should they occur. Remember that you can withdraw your offer at any time before the seller's acceptance is communicated to you. However, once you know the seller has accepted it (with exactly the terms and price you offered), you've got a deal. In other words, the purchase offer is intended to be a legally binding document. You should not make the offer unless you fully intend to purchase. Your agent’s most important assistance is in helping you prepare the offer. It's also a good idea to have your attorney check it over. In some states, an attorney is required to prepare the paperwork.