Tips in Increasing the Odds of Your Home Offer Accepted- By: Sonia Smith
For you to make a home offer acceptable for the seller, you should be able to do your own research on similar properties in the area to find out the value. A real estate agent can do this for you but if you do not have one consider the location and find homes with similar size, age and kind that you want to buy.
These days, making a home purchase is easier due to the many homes sold. However, making the wrong offer could mean losing the house of your dreams, so make sure that you make an offer that is acceptable to the seller. While the market is a buyer’s market, there are instances when your offer will not be accepted, thus, it is necessary to make your research before making an offer.
The following are some tips on increasing the odds of your home offer accepted:
- Working with an agent is preferable since he or she could represent you properly. Furthermore, an agent has access to list of homes for sale you will be able to find one that best suits your budget, lifestyle and needs.
- Identify the value of the home you are going to buy. You can use some online calculators and you will be provided with three estimates. You may also inquire the costs of homes in the area.
- Make certain that you know how to make negotiations. If you are aware of the home values in the area, you cane easily negotiate your offer.
- When you find the right home, ascertain that the home seller will have a great chance to accept your offer. Make sure that you bring along a prequalification letter and have done your research.
- Get an idea on how long the home sits in the market. If it has been there for a while, the seller will likely sell it for less. Find out if the reason whey the owner is selling it to come up with an acceptable home offer.
- Try to offer a higher price for the home and you can do your negotiations in the process. The home seller will likely listen to you if you make a good offer. You could ask him or her to shoulder the closing costs or a part of it and include a home insurance for a year and make certain to include this in the contingency portion of your offer.
While it is hard to make a sale, a homeowner or seller is still keen on looking for a good buyer. In this regard, it is of vital importance that you make your home offer carefully. When you make a very low home offer, then the seller will definitely not accept it and will not take you seriously and even ignore your offer. You could lose the chance of owning the house of your dreams. Make sure that when making an offer, you are thoroughly knowledgeable of the values of homes to avoid making a very low or very high offer.
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