Frequently Asked Questions
|When we find a house we like how do we buy it?|
It is a many step process and here is a brief overview of the process
You will need an earnest money check to accompany the Offer To Purchase. The earnest money should be in the form of a personal check, money order, or in some cases a certified check. 1% of the sales price is deemed adequate in most cases. When your purchase is presented to the seller, he has three choices:
1. They can accept your offer.
2. They can reject you offer.
3. They can mak a counteroffer.
Negotiations after the initial written purchase offer are usually conducted verbally until reached. When the seller accepts your offer, or you accept his counter offer you have a binding contract for sale on that property. Your earnest money will be deposited into C.P.I.C. broker trust account to be held until closing.