Home Buying 101 - Step 9: Make An Offer, Part 2
March 29th, 2007 categories: Home Buyers
This is Part Two of the ninth post in a series of twelve on buying a home. Click here for the other posts in this series.
In my previous post, I detailed everything that goes into an offer and most of what is included in a real estate purchase and sales agreement. But if you’re like most buyers, you want to go straight to the meat - the offer price and terms.
I’ve posted on creating an offer and offer strategies before so I’ll refer you to my two earlier posts which contain ideas for gathering information on your purchase so you can make a good decision on price and terms.
In Part 2 of Lets Make a Deal, I also gave you some ideas on how to position your offer, whether it’s a buyer’s or seller’s market.
The goal of any offer should be to get the seller to agree to your terms, or at least get their attention so they’ll negotiate with you. Lowball offers have their place and can work - but be realistic. If all the homes in the area you’re looking at are selling for $300,000, it’s pretty unlikely that a seller will take $150,000 just because it’s all you can afford and the market is softening.
