Step 27 of 48 Phase 4: Make an Offer & Negotiate
4.4 Complete Purchase Offer
Now it is time to fill out the actual purchase offer documents. Review every field carefully with your agent to ensure the offer accurately reflects your intentions and protects your interests.
Key Fields to Complete
- Property address and legal description
- Buyer and seller names exactly as they will appear on the deed
- Purchase price and earnest money amount
- Financing details and pre-approval information
- Contingency periods and deadlines
- Items included or excluded from sale
- Proposed closing and possession dates
Pro Tips
- Read every word - do not just sign where marked
- Ask your agent to explain any terms you do not understand
- Include all contingencies you need - inspection, appraisal, financing
- Specify exactly what stays with the home (appliances, fixtures, etc.)
- Set realistic deadlines that give you enough time
Common Mistakes to Avoid
- Waiving inspection contingency just to be competitive - this is risky
- Setting contingency periods that are too short to complete properly
- Assuming items are included without specifying in writing
- Using incorrect names that do not match your legal documents