Real Estate Insider Blog

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02
Feb
2016

What You Need to Know Before Making an Offer

The home buying process can feel long and arduous, but you’re almost through it. You have secured your credit report and corrected errors, hired Christopher Milson as your real estate agent, and qualified for a mortgage loan. After looking at numerous homes that meet your criteria for location, square footage, and other factors, you have finally found one that feels like home. It's exciting and you're ready to make an offer to the seller. While it's understandable that you want to act quickly, it's also important to know how the process works so he or she ultimately accepts your offer.

Consider the Seller’s Point of View

Most people selling their home have been coached by their real estate agent to expect some haggling over the price. This is one reason they typically set the price higher than what they actually expect to receive for an offer. With this in mind, a good place to start with your offer is approximately five percent below the seller's asking price.

As your realtor, Christopher Milson will provide you with a list of the selling prices of comparable houses in the Clearwater, Florida area or you can locate this information online. He will then recommend a suggested offer price. After you have settled on a price, your Christopher will contact the seller’s realtor to begin negotiations. In most cases, you can expect the seller to come back with a counter-offer that is higher than yours but lower than the official asking...

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