Your Complete Home Buyer's Offer Checklist: Ensure a Winning Bid"

Shaking up the industry news for home buyers and agents! Starting in August 2024, there will be a significant change to the home buying process. Every agent will be required to have prospective buyers sign a Buyer's Agreement before showing them homes. Additionally, buyers will be responsible for paying the buyer's commission, though some sellers may still contribute a portion of the commission. We are actively working on finalizing the details for this new process to ensure a smooth transition for all parties involved. Stay tuned for more updates as we continue to refine these changes to benefit both buyers and sellers.

Home Buyer's Checklist for Making an Offer

1. Check for Other Offers:

   • Ask your agent to contact the listing agent to check if there are other offers on the property.

2. Seller's Closing Cost Contribution:

   • Inquire if the seller is willing to pay for some of the closing costs.

3. Seller's Needs:

   • Determine what the seller needs to finalize the sale (e.g., extra time to move out, finding a new home before selling).

   • Include these details in your offer if necessary.

4. Move-Out Time:

   • Ask if the seller needs additional time (e.g., 3-5 days) to move out after the sale.

5. Listing Agent Communication:

   • Ensure your agent gathers as much information as possible from the listing agent.

6. Lender Communication:

   • Confirm if your agent will have your lender call the listing agent to answer any questions they may have.

7. Complete Offer Package:

   • Make sure your agent includes the following in your offer:

     • Full DU (Desktop Underwriter) approval from your lender.

     • Bank statement for proof of funds.

     • Home warranty request (optional).

     • Termite report or Section 1 clearance request (optional).

     • Septic tank inspection and certification request (optional).

8. Closing Costs:

   • Clarify if the seller is paying for closing costs and, if so, how much.

9. Detailed Offer:

   • Ensure the offer is complete and contains all necessary information.

   • A well-prepared offer reflects the professionalism of your agent.

10. Personal Property Requests:

    • If you want specific items from the property, include these requests in the initial offer.

11. Repair Requests:

    • Do not include repair requests in the initial offer. Address these separately during negotiations.

12. Agent Expertise:

    • Confirm your agent has experience and knowledge of the market, as things are changing and buyers might need to pay for their agent's commission.

13. Buyer’s Agent Agreement:

    • From now on, we will require a Buyer’s Agent Agreement to be signed before showing homes in the area.

Bonilla Group Commitment:

At Bonilla Group, we pride ourselves on providing comprehensive and personalized service to our clients. When we write your offer, we ensure that all these steps are taken before submitting it, making sure your interests are well-represented and competitive in the market. We understand that every home sale is different and every client has unique needs. Our goal is to tailor our approach to meet those specific requirements and achieve the best possible outcome for you.

About Bonilla Group:

Bonilla Group is a dedicated real estate team with extensive experience in the California area. Our commitment to personalized service and deep understanding of the local market ensures that you receive the best guidance and support throughout your home buying journey. We strive to make your home buying experience as smooth and successful as possible by paying attention to every detail and advocating for your best interests.

Introducing NAR New Real Estate Rules: Revolutionizing the Industry

Are you keeping up with the latest changes in the real estate market? The National Association of Realtors (NAR) has recently implemented new rules that are shaking up the industry. As a homeowner in Victorville, Apple Valley CA, Hesperia, or Oak Hills, CA, it's crucial to stay informed about these groundbreaking changes.

With NAR's new rules, the real estate landscape is experiencing a significant shift. From updated guidelines on property disclosures to streamlined transaction processes, these rules are designed to enhance transparency and efficiency in the home-selling and buying process.

As a seller and home buyer, understanding and adapting to these new rules can give you a competitive edge in the market. By partnering with Bonilla Group Real Estate, you can leverage our expertise and knowledge to navigate these changes seamlessly. Our team is well-versed in the latest industry regulations and can help you maximize your home's profit in this evolving real estate environment.

Don't get left behind in this era of change. Embrace NAR's new rules with Bonilla Group Real Estate by your side, and let's unlock the full potential of your property in Victorville, Apple Valley CA, Hesperia, or Oak Hills, CA.