Pat O'Reilly Irving Real Estate Agent,Realtor, How to Make an Offer
You are buying a home and have spent time on the internet..spent time riding around with your Real Estate Agent/Realtor and you have found the perfect home. Now is the time to make an offer!! Where do you start? You do not want to overpay and be upside down and you don't want offer a ridiculous offer and offend the seller. Here are things to consider when deciding what to offer with your Real Estate Agent/Realtor.
Sold Comparable Properties (with in the last 6 months and with in a mile radius)
- Make your offer lower or comparable to what the recent homes sold for. It's a great place to start to begin the negotiating process. This is also what your lenders appraiser will be looking at.
Absorption Rate
- Are houses selling in this particular subdivision? Take the number of homes for sale in this area and divide it by the number of homes that have sold. The number this yields will show you how many months it will take to be absorbed. (Numbers under 6 is good for the buyer. A higher number shows houses are not moving quickly)
Real Estate Agent/Realtor Advice
- If your Agent is Good (if you chose correctly you have no problem) then you need to rely on your Realtor for insight. He/she does this full time, knows the business and will shoot straight.
Sellers Goal
- Sometimes sellers want to get rid of a home quickly and put their house on the market to test the waters in order to see what they might be able to get for their house. Look for signs that may show the the seller needs to deal quickly. Vacant house..description states bring all offers...motivated seller.
Your Goals
- Throughout the looking phase you are going to see homes being put under contract days after being on the market. Some of these you may have put on offer in and lost out. That does not feel good. You will also see homes on the stuck on the market for many months. Your number one goal when thinking about an offer price is to NOT become emotional and make a quick, tired or confused decision about a home. Think it through, gather information and then make the right Move.
For information on homes for sale in Irving and Coppell and all mls listings in Dallas Fort Worth go to www.patohomes.com. Work with a Realtor who knows the area, the business and will treat you right!! Choose the Real Estate Agent that will treat you like a person and not just the next deal. Make the Right Move today with Pat O'Reilly.
PatOHomes.com helps shorten your search for the best real estate agent or realtor in Irving, Texas by providing you with a relationship based on trust and experience. For answers to all your Irving Texas Real Estate questions, click on PatOhomes.com . You may be looking for real estate bargains, foreclosed homes for sale or luxury homes for sale..patohomes is the website for all Dallas Fort Worth homes for sale.
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