How to make an Offer
Finally! You’ve found a home that you love and want to make it yours! Well here’s 3 tips to help guide you on how to make an offer:-
Tip #1: Let the agent know you’re interested in the property. The advantage of doing this is that, if there are other buyers who have already expressed an interest in making an offer, you won’t risk missing out.
Tip #2: Ask the agent if there are any favorable terms or conditions that the owner would prefer to help make your contract stand out.
Tip #3: Have 3 prices in mind that you’d like to offer.
The First Price is your starting price which is going to get the ball rolling for negotiations.
The Second Price is the price that you would finally like to pay for the property that you believe is the market value compared to other homes that you have seen.
The Third Price is your final walk away price. This is so important because, if the home you love has other buyers interested in it, you may well find yourself in a multiple offer scenario. If that’s the case, you need to know what that figure is going to be, because you’d hate to miss out on the home that you love over only a couple of thousand dollars.
Good luck out there when putting offers forward!