Submitting an Offer

SETTING THE STAGE. FOR A STRONG OFFER

Preparation is key to submitting a successful offer. By doing your homework and using available tools, you can confidently present a compelling offer to the seller. You can leverage the Shay Offer Generation Tool to help you create an offer.

1. Research the Market: Understand current market conditions and recent sales of comparable homes in the area to determine a fair and competitive offer price. Consider factors such as location, home condition, and market demand. Leverage the Shay LocalLens Tool to conduct diligence and leverage the Shay Guides for comprehensive support.

2. Determine Your Offer Price: Based on your research, set a realistic offer price that reflects the property's value and your budget. Be prepared to justify your offer with data from comparable home sales.

3. Consider Offer Terms: Decide on the terms of your offer, including the closing date, earnest money deposit, and any contingencies you want to include, such as financing, inspection, and appraisal contingencies.

4. Get Mortgage Pre-Approval: Ensure you have a mortgage pre-approval letter from your lender. This demonstrates to the seller that you are a serious and qualified buyer.

5. Use the Shay Offer Generation Tool: Utilize this tool to streamline the offer creation process. It can help you organize your research, set offer parameters, and draft a professional offer letter.

HOW TO USE THE SHAY OFFER GENERATION TOOL
The Shay Offer Generation Tool helps homebuyers submit an offer. Via the tool, homebuyers submit the following: 

• Overview of the House & Property Details – tell us who the offer is for and the address of the home 

• Offer Details - input the offer price, funding details, and applicable financing 

• Contingencies & Improvements - select the contingencies that you would like to include and highlight the state of the house

• Proposed Closing Dates - details on when you want to move in and take title of the property

• Seller Concession - request any specific seller concessions

• Other Requests & Caveats - add any additional requests and caveats 

This tool will update a formal offer for you. Make sure to have a lawyer or legal professional review your offer before signing it and sharing or sending to the seller and the seller agent.