Our Coldwell Banker Bain brokerage team is a one-stop resource for finding your ideal luxury water front home in the Wisconsin lake region. Our online capabilities feature unlimited search options and complete property profiles on thousands of homes. If it’s on the market, it’s on Coldwell Banker.
On the website, you can register for My Home Planner, which allows you to set search parameters (neighborhood, price range, number of bedrooms), save a list of the homes you’re interested in, compare homes side-by-side, and receive regular updates of new homes on the market that fit your criteria. Touring homes and visiting open houses in the neighborhoods you are interested in is one way to familiarize yourself with the market and develop a relationship us. You can even do virtual tours for most of the properties we list, making it a very convenient process if you’re currently located out of the area.
Once you find a home that fits your needs, let us know that you’re ready to make an offer. Our team will draw up a Contract of Sale, or Purchase and Sale Agreement. This document defines the proposed purchase price, the terms, and the timing of the close on behalf of you, the buyer. The contract also serves as direction to the escrow company to close the transaction. We will present to the seller and then negotiate the terms mutually acceptable to all parties. Of course, the seller is free to accept or reject any offer, or to propose a counteroffer revising the original terms.
In addition to the price you are willing to pay, the formal offer will consist of specific deadlines, including an offer expiration date, a closing date, and possession date. When securing your offer, you must also outline the earnest money deposit amount, which you place in an escrow account or client trust account as a good faith intention to complete the transaction. Your offer is based on contingencies related to financing and inspections. If you have a house to sell elsewhere, your offer may also be contingent on its sale.
During the home buying process, we will offer you valuable market information by assessing current competition and past sales of similar homes. By preparing a Competitive Market Analysis (CMA for short), we will help you formulate an offer for your desired property. We will also provide you with assistance in evaluating any counteroffers and contingencies that may arise in the process.
Want to know what’s negotiable? There are a wide variety of ways that we can negotiate in a real estate transaction. By working closely together, you’ll be able to generate the best contract possible – that’s suitable for the nuances of your situation. The purchase agreement must clearly outline the seller’s responsibilities, including passing a clear title, maintaining the property in its present condition until closing, and making any agreed-upon repairs to the property.
We can even get creative! Maybe you want the seller to cover your rent while you wait to sell your own house somewhere else. The leverage depends on who has more power given the economy. Are we in a buyers market? Or are we in a sellers market? Here’s a good article to find out.