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“What’s involved in
making an offer?”
Have you found the house
that meets most of your needs and dreams, you’ll probably find
yourself getting emotionally involved. You may imagine moving your
furniture in, planting flowers, and envisioning your first big holiday
party. But try not to get too attached prematurely. There are a number
of steps you must take before you’re holding the keys in your hand,
and you need to think clearly and objectively at this point so that
the offer you make is a realistic one.
What Should I Offer?
That is the Question.
There are a number of
factors that will affect the offer you make. Supply and demand, the
condition of the home, how long the house has been on the market, and
your personal circumstances with regard to how soon you need to close
on a home all come into play when framing your offer. You might also
weigh in the demand for the home and how much you really want it. If
you “low ball,” some sellers will react with a counter offer;
others might dismiss your offer outright. In an active market,
you’re likely to lose out by making a low bid. If multiple bids are
anticipated, it’s advisable to go with your “best offer.” Your
sales associate will advise you on ways to make your offer more
attractive: for instance, a mortgage credit approval and flexibility
on the closing\settlement date can help make your offer stand out and
ultimately close the sale.
Smitha and Rahul, being Top Agents in New Jersey, will
help you think through all of these issues so you can determine what
is the best offer for you to make at the time.
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