2015

How to Get Your Offer Accepted When Buying a Home

When you have found the home you love, your real estate agent will help you decide how to structure your offer in a way that it will be accepted. Here are some points to consider:
The amount of earnest money. This is usually 3% of the purchase price.
The down payment and financing details. Putting anything less than 20% down will most probably result in you having to pay Private Mortgage Insurance, and also will make you less competitive in a sellers’ market.

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How Do You Decide What Price to Offer?

Hopefully you will have your own agent representing you in the purchase, but if you are using the listing agent, who is working for the seller, make a point of asking him or her to keep your discussions and information confidential.

Your real estate agent will advise you on the right offer to make which will depend on several factors: recent sales, the condition of the home in comparison, and how long it has been on the market, which may influence the flexibility of the seller.

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