After looking at many homes, you’ve finally found “the one.” Before you sign the offer and have it presented to the sellers there are a few things that you should know to better your chances of it being accepted.
The market conditions- If there are more buyers than homes on the market, it what is called a seller’s market and consequently you’ll have to make sure your offer is attractive. Alternately, if the pool of houses for sale exceeds buyers, you’ll be in the midst of a buyer’s market. This means that you will possess more bargaining power.
The home’s approximate value based on comparing it to similar homes in the area- This will help to establish an idea of how much to offer for the house. Many buyers try to start with an extremely low offer…
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