So, you’ve FINALLY found the home that you want to purchase, and now you’re ready to make an offer! Here are some dos and don’ts to consider before you move forward.
- Do make an offer that’s fair according to the housing market in your area.
- Don’t make a low ball offer to the seller of a home that you love. Put yourself in the seller’s shoes. Would you accept a deal to sell your home for $275,000 when it’s priced fairly according to the market value at $325,000? The seller will quickly field other offers before consider that deal!
- Do make sure that you’re financially prepared to make your down payment and cover your closing costs. If you are a first time home buyer and need assistance, then do your research as there are numerous programs in your area that may be able to help (pending that you qualify for assistance).
- Don’t always expect the seller to contribute to your financial obligations. Yes, the buyer can ask the seller for up to 3% in constructions to close the deal. But, the seller may feel that you are unable to afford the home and want to consider another offer. The seller to maximize their options as well, not just the buyer.
- Do have a REALTOR in place to guide you when making an offer.
- Don’t handle this process alone! A good REALTOR has your best interests at heart and will do everything he/she possibly can to make this process as smooth as possible.
If you have been pre-approved for a loan and need some guidance on how to move forward, feel free to give Graybill Realty and Associates a call at (800)576-0918! We’ll gladly guide you on your path to homeownership!
The Graybill Realty Blog 