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 tools 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 Texas, the offer to purchase is an eight page Earnest Money Agreement.  There are also numerous addendums that your agent will attach to the offer.  They cover 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