Make an offer to buy using a real estate hunter
Finally, you visited the apartment or house of your dreams. Surface, location, sale price, the property corresponds to all your criteria. You know that you need to position yourself quickly. Responsiveness is essential, especially in areas where there is a high demand, such as Paris. To validate your commitment, it is necessary to make an offer to buy real estate. How to formalize the unilateral purchase proposal? What are the tips to convince the seller to accept it? The real estate hunter advises and accompanies you in this crucial step.
What is an offer to buy real estate?
The promise to buy real estate is a legal act. Through this offer, the purchaser indicates to the seller that he wishes to buy his property at a defined selling price and under certain conditions. The seller has the choice between accepting the real estate purchase offer, refusing it or even formulating a counter-proposal. In the latter case, the new proposal cancels and replaces the original offer. If the seller accepts the real estate purchase proposal, a preliminary contract is signed. It can be a compromise or promise to sell. In all cases, the owner removes his property from the market. He is committed to the buyer and offers him exclusivity. As a purchaser, you have a withdrawal period of 10 days after signing the preliminary contract.
When should you make a real estate purchase proposal?
Even before you think about formalizing your Real estate purchase offer, it is essential to follow certain steps. To consider the promise of purchase in good conditions, a complete valuation of the property is necessary. The apartment or house hunter is the ideal agent to provide you with advice and expertise in order to successfully carry out your real estate project.
Evaluate the property
A purchase proposal is a price offer. Determining the value of the property is a fundamental step for the rest of your transaction. The estimate must take into account the state of the local real estate market and the average prices in the geographical area. The study should focus on the strengths and weaknesses of the apartment or house. Number of rooms, general condition, refreshments to be provided, exhibition, electrical and sanitary installations, nothing should be left to chance. Being accompanied by a real estate hunter is a relevant solution for obtaining an accurate and realistic real estate valuation.
Define a strategy for the real estate purchase offer
The advice of the apartment hunter does not end with the valuation of the property. During his research and during the visits, the real estate hunter had the opportunity to talk with the seller. He knows how to ask the right questions to determine the owner's leeway.
Why is the property being sold? Is the seller in a hurry? How long has the apartment or house been offered on the market? All these points allow the real estate hunter to define the best strategy to adopt. Negotiating the sale price or making a proposal at the asking price, the agent property hunter guides you to ensure the success of your real estate project.
How to make a real estate purchase proposal?
Formulating an offer to buy real estate is not an operation to be taken lightly. The legal value of this act presupposes obligations. The real estate hunter is a trusted partner to formalize your commitment while protecting your interests. Favoring the support of a property hunter ensures the best chances of success and maintains your peace of mind. Here are some tips to remember when submitting your real estate purchase proposal.
The choice between written or oral promise to purchase real estate
Attention, the oral offer to buy real estate does not bind you or the seller. This form is preferred if you still have some doubts about your intention to acquire the property.
The written promise to purchase real estate is the document that has legal value. This is the starting point for your real estate acquisition. If approved by the seller, you sign a promise or a sales agreement. You then have a withdrawal period of 10 days. In fact, the purchase offer is therefore mainly binding on the seller who accepts it.
Writing a real estate purchase proposal
The offer to buy real estate contains specific information. Here is the information in it:
- The purchase price of the apartment or house;
- The description of the real estate;
- The validity period, between 5 and 10 days;
- The methods of response expected from the seller;
- The method of financing the purchase (own funds, real estate loan).
The documents to be attached to the real estate purchase offer
Adding documents to your promise to purchase shows the seller the reliability of your real estate project. Before accepting your offer, the owner needs to be reassured. He wants to check your solvency as a purchaser. The real estate hunter accompanies you in these steps in order to build a solid file.
Attach a bank certificate or a mortgage simulation
This document confirms the seriousness of your approach. The seller notes your debt capacity, the amount of your contribution, the calculation of the costs associated with the acquisition of real estate and the selling price that you can bear.
Send a cover letter with your real estate offer
The cover letter shows your determination. It explains to the seller your motivations and demonstrates your interest in the property. The expertise of the apartment hunter helps you in this process. His experience allows him to identify the psychology of the salesperson in order to find the right words.
Add a comfort letter to your real estate purchase proposal
The comfort letter is sent by a mortgage broker. This document indicates that the financing of the purchase of real estate is pre-approved. He specifies that the project is in line with your abilities.
The suspensive clauses of the promise to purchase real estate
The suspensive clauses of the real estate purchase offer protect you by cancelling your commitment under certain conditions. They should be handled with care, as they tend to chill some sellers. The usual clauses concern the acceptance of your real estate loan or the obtaining of a work authorization. The support of a mandatary property hunter helps you to set conditions that preserve your interests without losing the seller's trust.
The complexity and challenges of an offer to buy real estate must be taken into consideration. The help of a Real estate hunter guarantees your peace of mind while promoting an effective approach and strategy. This professional accompanies you to position yourself at the best price, convince a seller, benefit from favorable conditions and obtain the apartment or house you want.
Learn more:
Parisian Off Market Real Estate : how to access it?
Real estate research mandate : what are you committed to?
6 good reasons to Call on a property hunter
After several months of research (in a very targeted neighborhood), I decided to call on Talk to me about Paris to get out of this spiral of visits that were not successful. An investment that proved to be very effective since I made an offer at the end of the 5th visit.
Great experience with Talk to me about Paris. Patrick is a professional who accompanies his clients very well in the search for their future place to live. Very attentive, he creates a favourable environment that encourages exchanges with the various stakeholders.
The agency was able to perfectly identify our needs and found us the apartment that ticked all the boxes in a few days and at first glance when we had been looking for several months. Beyond efficiency: professionalism, expertise, availability and a lot of people.
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