When you find the right home and decide to make an offer, usually the Realtor® will get you a competitive market analysis of the area. The market analysis – or CMA as we like to call it – will be a list of homes that are similar in square footage and style usually in a one mile radius around the subject property with the price they have sold for, or the price they are asking. Solds are important to your appraiser, while actives will tell you if you picked the best deal on the market.

If you are satisfied by the CMA, you can go ahead and make an offer. The Realtor® will write the offer up based on your instructions regarding what you are offering (you can use the CMA to determine the best price), the down payment, the earnest money deposit paid by check, how long you want escrow to be and other instructions and contingencies you may have.

The offer is then sent over to the listing agent who conveys it to seller. That’s when negotiations begin regarding everything in the offer. Once an agreement is reached in writing, escrow officially begins and you are between 30 – 60 days of moving in to your home.

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