Found the Right House and Now You Want to Make an Offer?
How do you know what to offer? As much as you have heard that it’s a buyer’s market, this doesn’t mean it is always bargain pricing. In fact, low-balling tends to negatively affect the sale. Sellers generally will not even counter back; feeling that the buyers are not serious. To make an effective offer, work with your agent to get information on comparable houses sold within the past year and get the pricing of the competition. Chances are you have been out looking at the similar homes for sale, so you will have a good feel as to where this property is positioned in the current market. Another factor to consider is how long it has been on the market. If the listing has been on for much longer than the average, you may be able to offer a lower price. Find out the list to sell ratio for that town. In this area, selling prices in 2012 on average ran 94% of asking. The key to making a successful offer is to have good information. Working closely with a knowledgeable REALTOR® will make this process easier, so give me a call if you want to work with an Accredited Buyer’s Representative! 603-526-4116. donna@donnaforest.com
Donna Forest, Associate Broker, ABR