Your Realtor Association of Acadiana (RAA), working with legal counsel, have developed forms that are appropriate for realty transactions in the Acadiana Area ( Abbeville, Arnaudville, Breaux Bridge, Broussard, Carencro, Crowley, Duson, Eunice, Kaplan, Lafayette, New Iberia, Opelousas, Rayne, Scott, Youngsville). Such documents include numerous sale conditions and their wording should be carefully reviewed to assure that they reflect the terms you want to offer. Your REALTORS® can explain the general contracting process in your community as well as his or her role.
While much attention is spent on offering prices, a proposal to buy includes both the price and terms. In some cases, terms can represent thousands of dollars in additional value for home buyers -- or additional costs. Terms are extremely important and should be carefully reviewed.
How do you make an offer?
Because counter-offers are common (any change in an offer can be considered a "counter-offer"), it's important for home buyers to remain in close contact with thier REALTORS® during the negotiation process so that any proposed changes can be quickly reviewed.
How many inspections?
Structural inspections are particularly important. During these examinations, an inspector comes to the property to determine if there are material physical defects and whether expensive repairs and replacements are likely to be required in the next few years. Such inspections for a single-family home often require two or three hours, and buyers should attend. This is an opportunity to examine the property's mechanics and structure, ask questions and learn far more about the property than is possible with an informal walk-through.
For more information:
Next: Getting Insurance