U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > North Carolina > Charlotte
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-09-2009, 12:05 PM
 
16 posts, read 47,154 times
Reputation: 13

Advertisements

Hello All,

i am trying to get details( step by step) process on how to make an offer on a home.

Can an initial email suffice to send my price offer? Is there any standard forms that is used to make a offer? If so, would this be different to the 'contract'?

Any help is appreciated

Thank you
Reply With Quote Quick reply to this message

 
Old 10-09-2009, 12:07 PM
 
416 posts, read 780,334 times
Reputation: 309
I'm not a realtor, but on the HGTV shows, they pretty much sign a contract with the offer on the contract. If accepted, the contract goes into effect. I don't know that an email is going to work and I doubt the seller's agent will help you without you signing them as the realtor.
Reply With Quote Quick reply to this message
 
Old 10-09-2009, 12:24 PM
 
2,341 posts, read 3,909,240 times
Reputation: 1667
Why would you even consider doing this?

Quote:
Originally Posted by southcharlotte123 View Post
Hello All,

i am trying to get details( step by step) process on how to make an offer on a home.

Can an initial email suffice to send my price offer? Is there any standard forms that is used to make a offer? If so, would this be different to the 'contract'?

Any help is appreciated

Thank you
Reply With Quote Quick reply to this message
 
Old 10-09-2009, 12:27 PM
 
16 posts, read 47,154 times
Reputation: 13
HI Baybook, you mean going without an agent?
Reply With Quote Quick reply to this message
 
Old 10-09-2009, 12:28 PM
 
4,010 posts, read 8,626,163 times
Reputation: 1573
If you are attempting to purchase a house that is listed for sell, just call the agency on the sign and tell them you want to make an offer. They will be happy to accommodate you. Don't try to make an offer directly with the seller while it is listed because they are under contract to the agency and agree they are owed the commission regardless of who actually brings the offer. By the way, you can have an agent show houses to you without signing a buyers agency with them. They will be happy to do this because they will still earn part of the sellers commission regardless.

If you want to purchase a home that isn't under a contract, then contact the owner and come to an agreement to see if there is common interest. If there is then you will need to go find a local real estate attorney who can write up the contract and handle the closing. This will cost in the neighborhood of $400 - $1000 depending upon the complexity of the situation. (you have to do this with the above too so no disadvantage) They will give you the details on what you should do to make this happen. There is no need to involve a real estate agencey at all in this kind of situation.
Reply With Quote Quick reply to this message
 
Old 10-09-2009, 12:41 PM
 
2,341 posts, read 3,909,240 times
Reputation: 1667
Yes. As a buyer, there are a not of steps to the proces and a lot that you need to do to cover your own butt. Why would you want to do it on your own if you are not already an agent?

Quote:
Originally Posted by southcharlotte123 View Post
HI Baybook, you mean going without an agent?
Reply With Quote Quick reply to this message
 
Old 10-09-2009, 12:58 PM
 
16 posts, read 47,154 times
Reputation: 13
Quote:
Originally Posted by baybook View Post
Yes. As a buyer, there are a not of steps to the proces and a lot that you need to do to cover your own butt. Why would you want to do it on your own if you are not already an agent?

Good point, but heres the deal: This is a homesite what we are looking into and the builder who is the seller/agency is not willing to change their contract regardless. So what is the point in having a buyer agent. But my only thought/concern was if we still have to write up some sort of purchase agreement( with things beneficial to us, buyer) either through an attorney( i still dont need a agent here).
Reply With Quote Quick reply to this message
 
Old 10-09-2009, 12:58 PM
 
6,947 posts, read 9,186,917 times
Reputation: 2487
Quote:
Originally Posted by lumbollo View Post

If you want to purchase a home that isn't under a contract, then contact the owner and come to an agreement to see if there is common interest. .
A little explanation here: Lumbollo means "not under contract with a real estate agency as opposed to a house "under contact " for sale.
Reply With Quote Quick reply to this message
 
Old 10-09-2009, 01:04 PM
 
Location: Up above the world so high!
45,270 posts, read 85,146,428 times
Reputation: 39643
Quote:
Originally Posted by lumbollo View Post
If you are attempting to purchase a house that is listed for sell, just call the agency on the sign and tell them you want to make an offer. They will be happy to accommodate you. Don't try to make an offer directly with the seller while it is listed because they are under contract to the agency and agree they are owed the commission regardless of who actually brings the offer. By the way, you can have an agent show houses to you without signing a buyers agency with them. They will be happy to do this because they will still earn part of the sellers commission regardless.

If you want to purchase a home that isn't under a contract, then contact the owner and come to an agreement to see if there is common interest. If there is then you will need to go find a local real estate attorney who can write up the contract and handle the closing. This will cost in the neighborhood of $400 - $1000 depending upon the complexity of the situation. (you have to do this with the above too so no disadvantage) They will give you the details on what you should do to make this happen. There is no need to involve a real estate agencey at all in this kind of situation.
The big problem with doing this (calling the sellers agent) is that you have to remember THEY WORK FOR THE SELLER - they will NOT have your best interests at heart!!! This is dangerous in my opinion.

OP - a buyers agent costs you nothing!! They are paid out of the selling agents commission - there is NO reason not to hire one!!!!
Reply With Quote Quick reply to this message
 
Old 10-09-2009, 01:05 PM
 
123 posts, read 267,516 times
Reputation: 97
[quote=lumbollo;11116695]If you are attempting to purchase a house that is listed for sell, just call the agency on the sign and tell them you want to make an offer. They will be happy to accommodate you. Don't try to make an offer directly with the seller while it is listed because they are under contract to the agency and agree they are owed the commission regardless of who actually brings the offer. By the way, you can have an agent show houses to you without signing a buyers agency with them. They will be happy to do this because they will still earn part of the sellers commission regardless.

I would just add to lumbollo's post that if an agent shows you a house and you do not sign a buyers agreement (agency), the agent is considered under agency law to be acting as an agent of the seller, and you the buyer would have no representation. What this would mean to you is that the agent would be required to negotiate the best price for the seller and would also be required to provide any material facts about you to the seller.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > North Carolina > Charlotte
Similar Threads
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 12:35 AM.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top