When looking to buy a new home there is a lot to think about. However, the asking and bidding price is two large factors in rather the home will become yours. You also need to consider the terms that will have to be met during the sale of the home.
Terms can be just as important as the paying price of the home, as they can include thousands of dollars worth of repairs or can also mean additional cost that the buyer will have to pay. When settling on the price of the home, make sure to view the terms of the sale carefully. There may be things included that do not make the home suitable for you.
It has been said that a buyer should offer only a percentage of what the seller is asking for the home. Really, you offer depends on the market supply and demand. If there is a slew of buyers bidding on the home, then you probably won’t get the seller to budge on price. If the demand is not strong, then you will be able to negotiate with the seller more.
Making an Offer
Making an offer varies on the area that you are purchasing the home. Most times, to make an offer, you will need to fill out a bid form supplied by your realtor. This bid form will be given to the seller or the seller’s realtor. At that time, the seller can accept your bid, turn it down, or make a counter offer.
Counter offers are well known in the real estate market. So, it is very important you stick close to your realtor during this stage of the game. This will allow you to review the terms and take action quickly.
Of course, inspections are just part of selling and buying a home. During these inspections things such as, a survey will be conducted, appraisal of the home, checking to see if the title is clear, and an overall dwelling inspection will be performed.
Inspections are an important part of buying a home because they can uncover problems that are not visible during a walk through. The inspector will thoroughly check the home for damage or defects so that you will be made aware of all issues that the home possesses. It is always a good idea that you attend the inspection so you can be made aware of the issues. This will also give you the time you need to ask questions about the property.
If you have found the home of your dreams and are ready to make a bid, but are being held back because you already own a home. I can help. I buy homes, and have some quick sell options I’d like to go over with you. Call me today to see how I can help you gain the home of your dreams by getting rid of your current home.