Buyer Information

Don't be intimidated by the high prices realtors charge to handle real estate transactions. It is very easy to buy from an owner. This is how it works:

• To make an offer, print off the "Offer to Purchase" form, included in the Forms Section of this website. This is a legal form you use to offer a purchase price and also describe the terms of the sale, such as obtaining financing, selling your current home, home inspections, etc. This is a legally binding form, so read it carefully and fill in completely and accurately.
• Give the Offer to Purchase and an earnest money check to the Owner. Earnest money is usually about 1% of the purchase price, no less than $1,000. This earnest can be held by a title company also. The earnest money represents your good faith in going through with the deal. If your deal is accepted, then the earnest money will be credited to the purchase. If the terms of the sale are not met, you will receive your money back. However, if you decide that you don't want the deal just you've decided not to buy, you won't get your money back.
• A counter-offer may be returned to you by the owner, stating maybe a different price, or different terms of the sale, also stating deadlines. There can also be counter-offers to the counter-offer.
• Get pre-qualified for a loan, if you need one. This way, you'll know how much home you can afford, and the loan will be ready when that perfect home comes available.
• Home inspection services provide a valuable contribution to the home buying process. You will be responsible for making the arrangements and paying for the service, although sometimes this can be negotiated in the Offer to Purchase.
• You can work with an attorney, or a title company can answer most of the questions you may have.