Making an Offer
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Can the Sellers Listen to Other Offers While They're Negotiating With Me?Can the Sellers Listen to Other Offers While They're Negotiating With Me?Can the Sellers Listen to Other Offers While They're Negotiating With Me? What an unpleasant surprise it can be to lose a home to another buyer just when you thought the negotiations with the sellers were all firmed up. To avoid this aggravating situation, keep the following ground rules in mind. In most cases, the sellers aren't obligated... |
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Do I Need an Appraisal Contingency?Do I Need an Appraisal Contingency?Do I Need an Appraisal Contingency? Most buyers get a mortgage when they buy a home, often for 80 to 95 percent of the purchase price. Therefore, most purchase contracts include a contingency for the buyers to obtain the financing they need to complete the purchase. Precisely how the financing contingency is worded varies from one contract... |
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Effective Negotiation StrategiesEffective Negotiation StrategiesEffective Negotiation Strategies After years of putting up with seller's demands, buyers are now in a position to negotiate. The real estate market is softening and sellers no longer call all the shots. Granted, some listings will still attract multiple offers. However, in most cases, buyers will be able to negotiate a home purchase rather... |
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How Are Offers Presented?How Are Offers Presented?How Are Offers Presented? After months of previewing dozens of listings that weren't quite right, you finally find one you like. Overwhelmed with excitement, you and your agent draft an offer and you instruct your agent to present it right away. Several hours later your agent calls to tell you that the seller won't be listening to offers... |
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How Can I Be the Winner in a Multiple Offer Competition?How Can I Be the Winner in a Multiple Offer Competition?How Can I Be the Winner in a Multiple Offer Competition? How can you improve your chances of success if you find yourself competing against other buyers for a home? The winner is usually the most qualified buyer who offers the best price with the fewest strings attached. A clean offer is one that's not loaded with contingencies --... |
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How Can You Determine If a Fixer-Upper is a Good Deal?How Can You Determine If a Fixer-Upper is a Good Deal?How Can You Determine If a Fixer-Upper is a Good Deal? Like all business propositions, buying rundown properties to fix up for profit is risky. So how can you make sure that a fixer-upper is a good deal that will make you money and not be a losing proposition? The first step is to find the right property, which isn't always easy. Not all... |
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How Do You Decide What Price to Offer?How Do You Decide What Price to Offer?How Do You Decide What Price to Offer? Years ago, when the real estate market was in the doldrums, buyers rarely made full price offers. Today, in areas where the market is active, offering full price might not be enough if several other buyers are bidding against you for the property. It's important to have an understanding of the market.. |
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How Do You Negotiate a Home Purchase?How Do You Negotiate a Home Purchase?How Do You Negotiate a Home Purchase? Dave and Chris made an offer on a listing in Oakland, California. Their offer was one of four offers. Although their offer wasn't for the highest price, the seller counteroffered their offer and not the others. What was it about Dave and Chris's offer that caused the seller to want to work with them... |
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How Much Below the Listing Price Should You Offer?How Much Below the Listing Price Should You Offer?How Much Below the Listing Price Should You Offer? A home is all the more satisfying if you buy it for the lowest price possible. This presents a challenge. Sellers invariably want to get the highest possible price. So, you should be prepared to negotiate. Negotiating conjures up visions of haggling or bickering. But, this is just one way... |
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How Should I Prepare to Buy in a Competitive Market?How Should I Prepare to Buy in a Competitive Market?How Should I Prepare to Buy in a Competitive Market? Buying a home, particularly a first home, can be stressful. It can be downright discouraging when prices are rising, buyers far outnumber sellers and listings are selling quickly, often with offers from several buyers. Some buyers shy away from making offers when more than one will be.. |
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