I Found The House I Want. How Much Should I Offer?

You’ve probably heard it’s a Buyers’ Market and while that’s still true, there are several things you should consider when making an offer.

  • Market value – we can help you determine if the seller’s asking price and your offered price are in line with comparable recently sold properties.
  • Condition – is it move in ready or will you have expenses for repairs or to make it the way you want it?  We always recommend a home inspection so you know what you are getting in to with any purchase . We can help you find a licensed home inspector and schedule it for you. We can also help you get estimates on repairs or improvements.
  • Days on the Market – how long has the home been listed for sale? If it’s been on the market for a while, the seller may be more willing to consider a lower offer. Sometimes a house stays on the market for a while because the seller is firm on their asking price so there are times when this strategy doesn’t work.
  • Motivation – how much do you really want this house? The closer you are to the asking price, the more likely your offer will be accepted. If you know you are competing for the purchase of a particular property, you might even want to offer more than the asking price. The bottom line is that you need to decide what’s most important to you – getting a good deal on whatever house you purchase or getting THIS house?

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