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The Clocktower Team at Compass

590 Ygnacio Valley Rd #105

Walnut Creek, CA 94596

Ken Jacobs CA DRE# 01242343

Ken Jacobs

Phone: (925) 280-1260

Email: [email protected]

DRE #01242343 


Bianca Garcia

Phone: (925) 465-5162

Email: [email protected]

DRE #01963154


Ken Broz

Phone: (925) 465-5181

Email: [email protected]

DRE #01359600

Get in Touch




Now that you’ve found the right home, it’s time to put together an offer to purchase the home. The purchase offer contains all of the terms of the sale. Some of the decisions you will make when you are making the offer include:


  • Purchase Price

  • Amount of Good Faith Deposit

  • Financing Terms

  • When the Purchase will Close

  • What Contingency Periods to Include

  • Allocation of Costs

  • Additional Items Included in Sale


How much should I offer?

Deciding on a price to offer involves a few steps. How long has the home been on the market? What have comparable homes in the area been selling for? Is there more than one offer on this home? We will show you all comparable sales in the area and give you all necessary information and guidance for you to make a good decision.


What are contingencies?

Contingencies are your protection in the purchase contract. There can be numerous different contingencies in the contract, requiring that the property meet certain guidelines, before you go through with the sale. Some common contingencies include:


Loan Contingency

For a time specified in the purchase offer, you may cancel the agreement if you are unable to secure the loan specified in the purchase offer. Many sellers are requesting or requiring that a buyer be pre-approved for a loan and may not accept a contract that includes a loan contingency.


Appraisal Contingency

The lender will typically order an appraisal to insure that the purchase price you offer is reasonable based upon comparable homes in the area. This protects their interest in the property. If the property fails to appraise for the price offered, the lender may refuse to do the loan, or may require additional down payment funds or may offer you less favorable terms.


Physical Inspection Contingency

For a time specified in the contract, you have the opportunity to do any inspections on the property that you consider necessary to confirm the value of the property. Based on the results of those inspections, you may request that the seller perform repairs. The seller is not required to perform any repairs not specifically designated in the purchase contract, but if they refuse your request for repairs, you will have the right to withdraw from the contract without penalty. The only costs at that point would be any inspections you have had performed, and for the appraisal, if that has been completed.







  • Work With Us

    When working with any of us, you can expect someone that listens and understands your unique situation whether you’re a first-time buyer, investor or experienced home seller. We strive to keep informed of changing market conditions at all times so as to provide our clients with the best advice to make informed decisions.

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