Once you have found the home you wish to purchase, you will need to determine what offer you are willing to make for the home. It is important to remember that the more competition there is for the home, the higher the offer should be sometimes even exceeding the asking price.
Remember, Be Realistic. Make offers you want the other party (the seller) want to agree to your offer!!!! Real estate professional should provide you with an estimate of the current market value of the property so that you can make a good offer. To communicate your interest in purchasing a home, your agent will present the offer to the seller and their listing agent.
The purchase agreement or contract constitutes your offer to buy and, once accepted by the seller, becomes a valid, legal contract. When you write an offer you should be prepared to pay an earnest money deposit. This is to guarantee that your intention is to purchase the property. The offer can be accepted, rejected, or the seller has the option to make you a counter offer. This is when your agent will negotiate terms of the contract if necessary. The step-by-step contract procedure for most single-family home purchases is standard. The purchase agreement used is a standard document approved by the California Association of Realtors to protect all parties involved in a real estate transaction. For this reason, it is important to understand what is written on the contract offer. Your agent or consultant will provide you with a purchase contract for you to read over during your real estate previewing stage. Your agent will go over the purchase contract with you and answer any questions you may have. | 
