"What’s involved in making an offer?"
When you have found the house
that meets most of your needs and dreams, you’ll probably find
yourself getting emotionally involved. You may imagine moving your
furniture in, planting flowers, and envisioning your first big
holiday party. But try not to get too attached prematurely. There
are a number of steps you must take before you’re holding the keys
in your hand, and you need to think clearly and objectively at this
point so that the offer you make is a realistic one.
What Should I Offer? That is
the Question.
There are a number of factors
that will affect the offer you make. Supply and demand, the
condition of the home, how long the house has been on the market,
and your personal circumstances with regard to how soon you need to
close on a home all come into play when framing your offer. You
might also weigh in the demand for the home and how much you really
want it. If you low ball, some sellers will react with a counter
offer; others might dismiss your offer outright. In an active
market, you’re likely to lose out by making a low bid. If multiple
bids are anticipated, it’s advisable to go with your best offer.
Your sales associate will advise you on ways to make your offer more
attractive: for instance, a mortgage credit approval and flexibility
on the closing \ settlement date can help make your offer stand out
and ultimately close the sale. I will help you think through all of these
issues so you can determine what is the best offer for you to make
at the time.
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If your house is currently listed with another broker
this is not intended as a solicitation of that listing. |
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that identifies a real estate professional who is a member of the
National
Association of REALTORS ® and subscribes to its
strict Code of Ethics. Inquiries regarding the
Code of Ethics should be directed to the
board in which a REALTOR® holds membership.