The Ins and Outs of Making an Offer

By: David Kent
You've found a home that's swept you off your feet and now it's time to write up an offer. Offering the right price is not always as simple as it may appear. There is a lot to be considered when preparing your offer.

First, you need to make sure this is really the house you want. If the seller decides to accept your initial offer, within a few days that offer becomes a legal agreement. Also, have an amount in mind that you prefer to pay as well as an amount that you will not exceed. This will provide you with some pretty good parameters when going back and forth on offers.

Next, don't get too attached to the home. Most likely, a counter offer will show up at your door. Whether or not you decide to accept this or counter offer again should be carefully thought over.

For every offer and counter offer, take into consideration the conditions around you. For instance, take a look at the current market. If it's a buyer's market, there is a good chance you can offer less than is asked and have it accepted. Also, find out what the other homes in that neighborhood have sold for. Was it above or below their asking price? See if the home has been listed before and then taken off. How long has it truly been on the market? All these factors will give you a glimpse into how the seller may be motivated.

If you feel lost, the best step to take is to let your >Buyers Agent help do the work for you. Their sole purpose is to put your best interest first and get you the best deal for your money. This is most likely the biggest investment you will ever make. Why not enlist a professional to make sure you're pleased with the outcome?

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