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 Market at the Moment
You must consider the state of the market when making an offer on a home. It could be a hot seller's market when homes are moving very quickly. Sometimes simultaneious offers are made. And other times the asking price is offered without any negotiations. If you truly want a property in this type of market, here are some tactics that might help:
- Offer your best price but be willing to move up another $500 or $1000. But do not get caught up in the moment, bidding well above the home's fair market value.
- Ask for as few extras as possible. If you were considering asking the sellers to take down an old dilapitated fence, reconsider doing it yourself after purchase.
- Make the closing date as agreeable to the seller as you can.
- Have loal approval from a mortgage lender.
On the other hand, if the market is soft where you are looking, sometimes called a buyer's market, or if the seller is in a need-to-sell situation or the home is not particularly appealing, you can move more slowly and negotiate over a wider range. It is possible to get a much better deal with a bit of patience and perseverance.
If this article did not answer all of your questions about this topic, please call us and a Knecht representative will be happy to explain all the details and legalities that are involved with selling or buying real estate property.
920-921-0396
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