Making an Offer

MAKING AN OFFER

As your Buyer’s Agent we will:

1. Prepare an offer that will meet your needs and provide a solid basis for negotiating with the seller.
2. Provide you with a Competitive Market Analysis that will determine a realistic offer.
3. Present your written offer to the sellers agent and negotiate on your behalf.
4. The sellers will have the choice of:

• Accepting your offer as presented
• Rejecting it completely
• Countering it
• 5.   Communicate to you the seller’s response and, if necessary, suggest further negotiating options.
• 6.   An accepted offer leads to a legally binding purchase contract.

Keep in mind many factors affect the price that sellers ask for their houses:

Physical characteristics of the house:

*          Location

*          Age

*          Size of house and lot

*          Physical condition

*          Floor plan and style

Competition:

*          Number of properties available

*          Prices and terms

*          Location and physical condition

*          How long they’ve been on the market

Market conditions:

*          Interest rates

*          Availability of financing

*          Prices of recent sales

*          State of the economy

*          Seasonal demand

Asking price also may be affected by:

*          Seller’s motivation to sell

*          Seller’s original purchase price

*          Updates since purchase price

*          Seller’s need for cash

*          Opinions of others

*          No market expertise