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Before making an offer make sure that the property you have chosen is suitable for your needs, that of your family, and that you can handle the obligations that come with a home purchase (see "Am I Ready to Buy a Home") Once a contract is ratified it is a legal document and becomes a legal obligation. Defaulting on your contract will result in forfeit of your Earnest Money Deposit and possible even further damages to the seller. Consult with your Realtor before making any offer.
Avoid Buyer's Remorse
Buyer's remorse is a term used when a purchaser has second thoughts over purchasing a big ticket item. A real estate transaction usually takes anywhere from 15-90 days to complete. During this time, buyers (especially first time buyers) can experience what is commonly know as buyer's remorse. Feelings, emotions, and thoughts fluctuate from day to day. What was the perfect home 4 weeks ago, may start to make you wonder if you are making the right decision a few days before settlement. It is important to make sure in the beginning that the home you put an offer on is right for you, then if your feelings fluctuate at a later time, it will be easier to keep those fluctuating feelings in check with your original well thought out plan.
Speak with your Hawkins Group representative and learn more important facts of preparing and making an offer on your next home!
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