nce the excitement of at the time, the length of time
looking at homes on the the specific home has been for
market leads you to the sale, and the reasons for
house of your dreams, reality selling. For instance, in the
kicks in. You need to make an current buyer’s market, you might
offer; and hope that the seller assume that low offers on homes
will accept it. According to the are expected. However, it’s also
National Association of Realtors, possible that the seller already
over 6 million homes a year are feels that he or she has
sold in the United States. But under-priced the house for that
the reality is that there are a reason.
lot of counter offers and
refusals before the sale is made. Knowing the reason that the homes
Here are a few of the things a you like are for sale can be
homebuyer needs to know before really helpful in deciding what
making offers on homes on the to offer. A family who is
market. relocating, or has already
purchased a new house, will have
What Can I Offer for Homes on the a lot more incentive to sell
Market? quickly and to negotiate than
those without time constraints
First time buyers of homes always for selling their homes.
want to know the magic formula
for making an offer on a house. What Should I Include in the
While you may hear that sellers Offer?
price 10% higher than they are
willing to accept, the reality is When making offers on homes, you
a bit more complicated. The price should be as specific as
a seller is willing to accept possible. Don’t assume that
will depend on the housing market things like appliances are
included, unless that is part of Inspections on homes for sale are
your offer. Offers on homes may a must.
include furniture, fixtures and
appliances. Of course, the seller What Happens Next?
has the right to refuse or make a
counter offer. But anything from Once you have eliminated other
built-in shelves, curtains, or homes on the market and are ready
the sofa may be included in your to make an offer, the paperwork
offers on homes for sale. This is begins. Usually, your realtor
an area that may lead to counter will take your offer to the buyer
offers as both sides work out or the buyer’s agent. Then they
what is acceptable. will decide to accept, reject, or
make a counter offer based on
Expect Inspections on Homes for your proposal. If you have a
Sale professional realtor who has
established a good working
If you are buying, insist on relationship with the buyers,
being present for any home that person will be able to
inspections that take place. smooth over any issues. If your
Follow the inspector around and offer is eventually accepted, you
ask questions to make sure you will move onto the legal process
are making an offer on a house involved in buying homes.
that is structurally sound.
About the Author:
John Harris is a researcher and writer on real estate topics such as economics, credit improvement tips, home selling advice and home buying preparations. For more information please visit San Diego Real Estate Agents
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J Harris
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