So, you’ve found a house you love—what’s next? Before you can officially make an offer, there are a few key things you’ll need to have in place. Understanding these requirements ahead of time can help you move quickly and confidently when the right home comes along. Here’s what you’ll need to be ready:

1. Proof of Funds or Pre-Approval Letter

Sellers want to know that you’re financially qualified to buy their home. You’ll need one of the following:

• A proof of funds letter from your bank or accountant (if paying in cash).
• A pre-approval letter from a lender showing how much they’re willing to loan you.

Having this document upfront proves to the seller that you are a serious and capable buyer. Without it, your offer may not be considered.

2. Earnest Money Deposit

Earnest money is essentially a good-faith deposit that shows the seller you’re committed to the purchase. It’s typically around 1% of the home’s price, though this can vary. This money is held in an escrow account and later applied to your closing costs or down payment.

You’ll need to have these funds available in your account—or be prepared to receive a gifted amount from a family member—when you submit your offer.

3. Buyer Agency Form

As of recent changes in real estate laws, buyers are now required to sign a Buyer Agency Agreement before touring homes with a realtor. This form establishes a working relationship between you and your agent, clarifying their role in representing you throughout the transaction. If you haven’t signed this yet, your realtor will need it before you submit an offer.

4. Signed Disclosures

Sellers are required to provide disclosures about the home, detailing any known issues. However, it’s important to note:

• Sellers are only required to disclose what they are aware of—but they may not know everything about the home’s condition.
• Some sellers may fill these out cautiously, meaning there could still be hidden issues.

Reviewing these disclosures carefully and pairing them with a home inspection is crucial to protecting your investment.

5. The Purchase Contract

Your official offer comes in the form of a real estate contract, which includes:

• Your offer price
• Important deadlines (inspection, financing, closing date, etc.)
• Contingencies (such as financing and home inspection requirements)

This contract is legally binding once signed by both parties, so it’s essential to ensure all details are correct. Your realtor will help you draft and negotiate the best possible terms.

Final Thoughts

Having these five things ready before you make an offer can help you act fast in today’s competitive market. Preparing ahead of time will not only make the process smoother but also show sellers that you’re a serious and qualified buyer.

Thinking about buying a home? Let’s talk! I’d love to guide you through the process and help you get prepared for a successful offer.