Understanding The Offer Process

Understanding The Offer Process


Negotiating - the offer will include:

  • The Amount You are willing to Pay
  • Financing Terms
  • Any personal property specifically included
  • Closing & Occupancy Date
  • Other contingencies, including inspections

The offer will be written on a HUFF contract form. If the initial offer is not accepted by the seller, further negotiations will occur until both parties come to an agreement.

Earnest Money Deposit - at the time of your offer, you will be required to make a deposit in the form of a personal check or cashiers check.

  • The amount deposited will be kept in an escrow account at HUFF Realty and will not be turned over to the seller.
  • This money represents your sincerity in the attempt to purchase and is fully refundable if the offer is not accepted, if your loan is not approved or if some other condition in the contract is not met by the seller.
  • The check will be made out to HUFF Realty and will be credited to you at closing as part of your down payment and/or closing costs.


Title Insurance - The lender and/or Buyer need a preliminary tile report when a property is sold to see what liens and encumbrances are against the property. Items that a preliminary title report show include:

  • Easements of Record
  • Restrictions, covenants and conditions
  • Liens
  • Exact owner of record
  • Legal description

When the subject property is final and the title company has recorded the necessary documents, they will issue a policy of title insurance to the new lender and the buyer showing clear title to the property. As a buyer, at closing, you will have the ability to purchase owners coverage.

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Contact Information

Photo of Mike Parker - CRS Real Estate
Mike Parker - CRS
HUFF Realty
60 Cavalier Blvd.
Florence KY 41042