How to Make Offers on Homes for Sale
Once the excitement of looking at homes on the market leads you to the house of your dreams, reality kicks in. You need to make an offer; and hope that the seller will accept it. According to the National Association of Realtors, over 6 million homes a year are sold in the United States. But the reality is that there are a lot of counter offers and refusals before the sale is made. Here are a few of the things a homebuyer needs to know before making offers on homes on the market.
What Can I Offer for Homes on the Market?
First time buyers of homes always want to know the magic formula for making an offer on a house. While you may hear that sellers price 10% higher than they are willing to accept, the reality is a bit more complicated. The price a seller is willing to accept will depend on the housing market at the time, the length of time the specific home has been for sale, and the reasons for selling. For instance, in the current buyer's market, you might assume that low offers on homes are expected. However, it's also possible that the seller already feels that he or she has under-priced the house for that reason.
Knowing the reason that the homes you like are for sale can be really helpful in deciding what to offer. A family who is relocating, or has already purchased a new house, will have a lot more incentive to sell quickly and to negotiate than those without time constraints for selling their homes.
What Should I Include in the Offer?
When making offers on homes, you should be as specific as possible. Don't assume that things like appliances are included, unless that is part of your offer. Offers on homes may include furniture, fixtures and appliances. Of course, the seller has the right to refuse or make a counter offer. But anything from built-in shelves, curtains, or the sofa may be included in your offers on homes for sale. This is an area that may lead to counter offers as both sides work out what is acceptable.
Expect Inspections on Homes for Sale
If you are buying, insist on being present for any home inspections that take place. Follow the inspector around and ask questions to make sure you are making an offer on a house that is structurally sound. Inspections on homes for sale are a must.
What Happens Next?
Once you have eliminated other homes on the market and are ready to make an offer, the paperwork begins. Usually, your realtor will take your offer to the buyer or the buyer's agent. Then they will decide to accept, reject, or make a counter offer based on your proposal. If you have a professional realtor who has established a good working relationship with the buyers, that person will be able to smooth over any issues. If your offer is eventually accepted, you will move onto the legal process involved in buying homes.
Related Tags: san diego homes for sale, san diego realtors, john harris
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
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Important Things to Know About an Assisted Living Residence in Texas
n assisted living residence is a facility designed for senior citizens or persons with disabilities - Understanding How the Probate Process Works
The probate process is required within the U.S. to settle estates of deceased persons. The time requ - Fun Ideas for the Family During the Christmas Holiday
The Yuletide season is one of the most awaited holidays of the year because it is the time for joy a - How To Find The Right Composite Decking Deck Builders
Another rising home improvement project homeowners are starting to do a lot more of is the composite - Every Home Should Have A Radiant Barrier
The most easy and successful home improvement project you can do to your House, would be to install - The Different Types Of Rain Gutters
When purchasing a house or planning to do improvements to a home, there is always one project that s - How To Get The Best Replacement Windows For Your Home
Installing replacement windows can be the single most important home improvement project you can do - Holiday Accommodation Gold Coast: Pointers For Selecting The Best
With a multitude of holiday accommodations in Gold Coast, choosing the one for yourself can be quite - Want Holiday Accommodation In Gold Coast Queensland? Get Online To Find The Best Deal In A Quick, Co
There are several ways to find holiday accommodation in Gold Coast. You may refer to travel guides t - Celebrate The Ten-days Festival Of Navratri.
Dasara known as Dussehra, Navaratri, Vijaya Dashami is a festival of triumph of GOOD over Evil. The
Most viewed articles in this category:
- Adoptees Need Support When Voicing Feelings about Birth Parents
"I feel like a mistake.""I'm not like them.""Where's my family?""Why can't I find a suitable career? - Progressive Cooking: All About 'cuisine'
The French are known for their interest in art and all that is fine. It therefore comes as no surpri - Moroccan Decor - Oh My! Make Your Home Shine With Moroccan Rugs and Tapestries.
It is said in Morocco that he who enters Fez with a rug will leave with a moneybag. This saying o - Online Criminal Background Checks-Importance & Ease
Have you ever thought your new neighbor looks like one of the pictures on the post office bulletin b - Installing A Burglar Alarm
Want to protect your home? Ready to install a burglar alarm? The popularity of the home burglar ala - Lowe's Backyard Playground Sets
Lowe's is an excellent first place to look for anyone who is looking for the best swing sets on the - How Could Short Term Health Insurance Help Me?
Short-term health insurance plans allow people to have health insurance for a limited amount of time - Watch Out For Those Stinky Skunks!
There are various species of skunks found throughout the United States including the striped, spotte - Asthma In Kids: An Increasing Epidemic
Many believe that the majority of asthma cases are confined to adults, but this is definitely an inc - Stairlifts For Riders Of Above Average Weight
A stairlift is an affordable device that is used to give people with limited mobility access to the