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How Do You Decide What Price to Offer?

Posted by janepeters on February 25, 2015
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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. Also, if you are an all cash buyer you may have some wiggle room.

By the time you’re ready to make an offer you should have a good idea of what the home is worth and what you can afford.

Be prepared for give-and-take negotiation which is very common when buying a home. The buyer and seller may often go back and forth until they can agree on a final price.

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