FINALLY! You found your New Orleans dream home! But…. how do you make an offer on a house?
What in the world do you do next? How do you buy this home?!
*in swoops your New Orleans real estate agent*
Your awesome New Orleans real estate agent is going to write up your offer on a Louisiana Residential Agreement to Buy or Sell.
What can I negotiate with this offer?
- Closing Date
- Home Warranty
- Closing Cost Assistance
- Length of Inspection Period
Once we get all of this into writing, you will sign – to make it all official. Then we will send your offer to the listing agent and await their response.
Before you ask, we typically give them 24 hours to respond.
Truly, everything is negotiable in the purchase agreement. When we make an offer on a house, we can negotiate lots of things: pool equipment, patio furniture, chandeliers, etc. As every single real estate transaction is unique, so is your offer.
What happens if they accept our offer?
Then you’re officially under contract on your New Orleans home!
Read more about the home buying process once you’re under contract.
What if they don’t accept my offer?
Normally, the home seller will counter your offer. What does that mean? It means the seller will respond to your offer with new terms. You do not have to accept the new terms they present though. You can reject it completely, or you can make another counter offer.
If the home seller has flat out rejected your offer, then that lets you know they are unwilling to negotiate in many capacities. Your real estate agent will figure out what is happening and come up with a new game plan to get your dream home!