How to Make an Offer on a House - 7 Tips for First Time Homebuyers

How do I make an offer on a house? In episode 7 of Real (Estate) Talk, our experts Joe Rath and Courtney King walk you through the process of making an offer on a house and highlight their best tips. Real (Estate) Talk answers your most-Googled questions about the housing market, including mortgage rates, finances, and more. This video is not intended as a solicitation if you are represented by an agent. The content is for informational purposes and should not replace professional counsel from a licensed attorney, financial advisor, or tax professional. Please confirm the suitability of referenced services independently.

Here’s what we’ll cover in today’s video:
0:00 - Intro
0:18 - #1: Be prepared to make an offer
0:23 - Mortgage pre-approval
0:39 - Learn about the local housing market
1:09 - #2: Know the basics of an offer
2:25 - #3: Discuss what price, downpayment, and earnest money you want to offer with your agent and loan officer
3:17 - What is earnest money?
4:26 - #4: Contingencies
6:25 - Advice on inspections
8:24 - #5: Write a letter to the seller
9:41 - #6: Submit the offer
10:31 - #7: Time to negotiate
11:29 - Bidding wars
12:19 - Offer was accepted
13:32 - Outro

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