How To Write An Offer To Buy A Home
How To Write An Offer To Buy A Home
This article looks at how home buyers and/or their real estate agents should be filling out the Contract to Purchase a home document. Even though this focuses on the contract adopted by the Cincinnati and Dayton Area Boards of Realtors a lot of the terms are common to many contracts used to buy a home around the US. As with anything that is outside one’s area of expertise it is highly recommended that one consult with a local real estate agent or real estate attorney to make sure the contract they are using is filled out correctly and in accordance with local requirements.
Location and Money
Probably the two most important areas of the contract include the specific location of the property and the price being offered. Sometimes an address is not enough especially if the real estate being sold includes more than one parcel in the sale. So while an address is highly recommended, additional information like parcel identification number (PID), property description, or some other type of identification used by the local governing agency would be important to include in the contract to purchase.
How much is being offered is also important and the sellers will be paying close attention to that number. When using computer-based forms one only need enter in digits the amount being offered and the computer will write out the purchase price in words so as to limit confusion. $300,000.00 with a decimal point or comma in the wrong place can lead to some confusing numbers being thrown around. The written words three hundred thousand dollars with “$300,000.00” typed out means less confusion as...