Engle Realty: A Greater Baton Rouge Louisiana Real Estate Company
Specializing in both Residential & Commercial Real Estate Sales
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The Offer
Likely one of the most important steps in the process is the real estate offer to buy and sell. In the offer it is more than just asking to purchase the property for a specific price.
When you see a house you want, the first step is to put an offer in for it. While you may offer the full price for property, you don't have to offer full price. Many times buyers offer a little less than the asking price, and even sometimes offer more than the asking price if the house is likely to have another buyer place an offer on the property.
Also included in the offer are lots of terms. It is all included in the Louisiana Agreement to Purchase and Sell offer that you make. It will include the address of the property, how big the lot size is, and will also lay out all the rules and deadlines of the offer.
Mineral rights can be requested to be given to the buyer.
Financing: You will notify the seller of how you will finance the property.
You could be paying cash or getting a loan.
You can also request for certain appliances to be reserved on the purchase agreement.
Once all of these things are done, your agent will present the offer to the selling agent. The selling agent will then present the offer to the seller, who will then respond to it within the deadline your agent set in the Louisiana purchase agreement. If the agent doesn't like the offer he can outright reject the offer. But lets say that the seller would like to negotiate.
If the seller is negotiable he will then make you a counteroffer.