Get offer details.
A good way to think through the terms that you need to include in an offer is to complete the info on this checklist. It addresses the contingencies, home warranty, and additional tests to consider (radon, well, septic, etc). Reviewing these items on one screen, while working on your purchase agreement on another screen, makes for an efficient deal-writing habit.
Preparing for an offer, what you need to know:
| Item | X |
| Offer price | |
| Escalation? Y/N Amounts | |
| Are we including Appliances: Oven, Refrigerator, 2nd Refrigerator, Microwave, Dishwasher, Disposal, Water Softener if not rented, Playscapes, Window Blinds, Boat Docks, TV Mounts etc… | |
| Home sale contingency | |
| Mortgage contingency | |
| Inspection contingency: Timeframe? (Discuss; Well, septic, well water test, radon, environmental, sewer, home, etc…) | |
| Occupancy | |
| Occupancy cost | |
| Appraisal guarantee Y/N Amount? | |
| Closing Date | |
| Earnest Money Deposit | |
| Exclusions: Are there any exclusions noted in the listing that we need to discuss with client? | |
| Home Warranty, paid by? Ordered by? https://uhpwarranty.com/compare-warranties/ | |
| Preapproval (receive it and include it) | |
| Financing, what is the down payment? What is the type, Conventional, FHA, VA, USDA | |
| What is the HOA Fee and is it paid monthly or annually. | |
| What is the legal property type, Condo, SFR? | |
| Tenant Rights | |
| Are there any temporary/semi permanent buildings on the land being purchased/sold? If you’re representing a buyer than add the building to the list of included items, if you’re representing the seller, determine if they intend to keep or sell it (it may be a leased structure). | |
| Other |