Buying Process: Step 6
Preparing & Submitting an Offer: I help write an offer with price, terms, contingencies, and legal protections using Michigan-approved forms.
Price – How much you’re willing to pay for the home.
Terms – These include things like:
Closing date – When you’ll officially take ownership.
Earnest money deposit – A “good faith” deposit showing you’re serious.
Financing terms – How you plan to pay (cash, mortgage, etc.).
Contingencies – Conditions that protect you in case things don’t go as planned. Common buyer contingencies include:
Inspection contingency – Allows you to back out or ask for repairs if issues are found.
Appraisal contingency – Ensures the home is worth what you agreed to pay.
Financing contingency – Lets you cancel if your loan falls through.
Title contingency – Makes sure there are no legal claims or liens on the property.
Legal Protections – Using Michigan-approved forms ensures your offer is legally valid. It protects you by clearly stating your rights, deadlines, and remedies if something goes wrong.
Why it matters: A clear, strong offer increases your chance of getting the home while protecting you legally and financially. Mistakes in the offer can cost money or even the home.