The first step is to get pre-approved by a lender to know exactly how much you can afford or how much you want to have your mortgage payments be. Once you have this done, it is important to find a great agent to represent you. Then you can go out looking for homes in the area you desire.
If there are many buyers out looking for homes, sellers will be getting typically full priced offers and sometimes above full priced offers. If there are not a lot of buyers, then sometimes you can offer less. It all depends on so many factors. Supply and demand are all part of the housing market as far as price and competition.
When making an offer on a home, it is important to really make a good offer if you are really interested in a home. You should make it your best offer in case others are competing against you. You still may receive a counter offer to your offer if the seller does not like the terms of your first offer. You could receive a counter called a multiple counter meaning the seller had received more than one offer and they are countering more than one offer. You can either accept it or still counter that, but typically if they have a multiple counter out, someone will go for their counter offer and agree to the sellers terms. Not always, but sometimes. You have to decide if it is worth it to you to agree to their terms or not.
Right now, in our market if you have a home to sell, sellers are not accepting contingencies. You should sell your home first and then make an offer. Every now and again you will find a seller who will accept a contingency if you are lucky. However, not really happening at this time.
The most important thing about making an offer on a house, is to find the right agent. The right agent can make a huge difference if they know what they are doing and have a great reputation other agents want to work with them too.
If I can be of any help to you, please call me at 951-204-1864 myself or someone from my team will be available to help you.
We look forward to helping you,
Joan Patterson, B.A., G.R.I., Realtor, License #01431647
Keller Williams Realty
951-204-1864
http://www.inlandempirerealestate.kwrealty.com
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