5. Make an Offer
You’ve found the right home for you: it satisfies your wants/needs, it’s in your price range, and it feels right. We begin by drafting the Agreement of Purchase and Sale (APS). The APS is a legally binding document which contains everything from the price you are prepared to pay, to the inclusions you want (washer/dryer, big screen TV), to your ideal closing date (the date you take possession), to conditions that need to be met for the deal to go through. Once you’ve submitted your offer, the seller can accept it, reject it or sign back a counter offer. During these back-and-forth negotiations, you may need to compromise on small things, but a good realtor will work hard to get you what you want. And if you’re in a bidding war, make sure you know the facts about Bidding Wars and How to win in multiple offers.