How To Make An Offer On A Home

By many estimates it is clearly a buyers market in many areas throughout the country. That said it is worth knowing how to make a good offer on a home if you find something that you truly like. Great deals abound on real estate today, so knowing how to make an offer is well worth understanding as a way to secure the perfect home or make a good financial investment. In most cases proposing a lower price than the asking price is a good place to start when placing an offer.

Exception And Not The Rule

While some markets actually see the prices of homes being bid up, this is generally the exception and not the rule. Indeed, there are a number of ways to negotiate a good bargain on a home. For example requesting perks such as having the seller pay closing costs can be a good way to make your offer more beneficial as a buyer. Even asking that the seller leave appliances or certain pieces of furniture is always an option.

The More Likely The Seller Will Be To Negotiate

Prior to making an offer on a property it is always a good idea to get a competitive market analysis from your real estate agent. Having a list of other homes in the area and their selling prices will clearly make you a more informed buyer when placing an offer. In addition, it is good to know the length of time that a home has been on the market. The longer a property has been listed the more likely the seller will be to negotiate. Equally important is to consider the appraisal value of a home when placing an offer.

An Offer Should Never Be Made Above The Appraisal Value

In most cases your realtor can request the appraisal value from the seller's real estate agent. As a general rule an offer should never be made that is above the appraisal value. In short, this would mean that you would owe more on the home than it is worth, especially if you are taking a mortgage. This would also require that you as a buyer come up with the difference in cash.

A Fun And Exciting Proposition

Finally, it is always a good idea to talk with your real estate agent about the seller's current situation and motivations. Understanding the seller can have a big impact on the type of offer that you make. Buying a home can be a fun and exciting proposition especially when a good deal has been made. Contact Nicole Haun with today to learn more about homes for sale in Anacortes Washington. Nicole has available a sizable list of Anacortes MLS listings that are always available to browse.

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