What to expect after putting an offer on a house?

What to expect after putting an offer on a house?

After you’ve made an offer to buy a house, the seller will either accept your offer, make a counteroffer with one or more changes, or reject the offer outright.

Do you take the first offer on a house?

Don’t forget to counter before you accept the first offer In real estate, everything is negotiable. Buyers expect you to respond with a counteroffer before signing your keys away. Discuss the areas of the offer you’d like to improve (price, contingencies, closing costs, terms, moving date, etc.)

When to accept the first offer on your home?

Consider accepting the first offer if… 1 You’re pressed for time and need to sell ASAP 2 The offer is close to your market value (even if it’s below your listing price) 3 It’s a cash offer 4 You have a limited buyer pool 5 You’re in a buyer’s market 6 Your home has recently gone on and off the market 7 An identical home to yours just sold for less

What to look for when making an offer on a home?

When you’re ready to make an offer, your real estate agent will likely show you the sale history of properties nearby to help determine the home’s approximate value compared to the rest of the market. “I like to look at the last six months of houses that have sold in the same neighborhood, or very close proximity, of a similar size,” Plotkin says.

When is the best time to put your house on the market?

Additionally, the terms of the offer were excellent. However, in many cases is DOES make sense to wait. If your home is in a popular price point, getting lots of showings and agents are asking the appropriate “pre-offer questions” it’s best to wait until after the weekend to review offers.

Can a first time Home Buyer make a counter offer?

With the right real estate agent at your side and the proper knowledge, you can navigate the negotiation table and sell or buy for the best price. If you’re a first-time home buyer or seller, you may not be familiar with the concept of counter offers or negotiating. How does negotiation work and what is proper negotiating etiquette?

When to make an offer on a house?

If you’re in a balanced market or a seller’s market, you might make a list-price offer. Consider offering list price if you really like the house, and think — based on those comps — that the asking price is fair. It might be a good time to make an asking-price offer if the house was recently listed and there’s a lot of interest in it.

When to offer a list price for a house?

An asking-price offer might be appropriate… If you’re in a balanced market or a seller’s market, you might make a list-price offer. Consider offering list price if you really like the house, and think — based on those comps — that the asking price is fair.

Additionally, the terms of the offer were excellent. However, in many cases is DOES make sense to wait. If your home is in a popular price point, getting lots of showings and agents are asking the appropriate “pre-offer questions” it’s best to wait until after the weekend to review offers.

With the right real estate agent at your side and the proper knowledge, you can navigate the negotiation table and sell or buy for the best price. If you’re a first-time home buyer or seller, you may not be familiar with the concept of counter offers or negotiating. How does negotiation work and what is proper negotiating etiquette?