The Home Buying Process in Reno, NV: Making an Offer on a Home

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Buying a home is a big milestone in someone's life that requires careful considerations. Every home buyer desires to buy their dream house at a price that is within their means. After settling down on the specific home that you want to buy, the next step will be to make an offer with the seller. That is a delicate step in the home buying process. The seller quotes their price from the minute they decide to sell it. However, you can still persuade them to lower the cost to a figure that you can afford.

More Home Buying Processes:

Closing on Your New Home

Mortgages and Loans

The Cost

There are several things that can help you to come up with a suitable offer when buying a house. These will include the condition of the home that will be based on the findings of a qualified home. If the home inspector's findings indicate that the house is in a poor state and needs numerous repairs there are two decisions that you can make. You can back out from the deal which will mean that you will continue with the search for a better house. Alternatively, you can ask the seller to cater for the repairs and renovations before you agree to buy it. It is always prudent to avoid quoting a very little figure since you might irk the seller and discourage them from negotiating further. In relation to the cost also, you should do research on the average value of homes in the area so that you can have an estimate of the cost of the home you intend to purchase.

The move-in date

Having a flexible move-in schedule can be a plus to a buyer at the negotiating level. That is because the seller can choose you over other buyers due to your availability.

Additional assets

Usually, when buying a house, you purchase it plus the appliances in it. Some of them can be highly valuable, and you can negotiate with the buyer on what supplies to leave behind and what to take with them.

The good news about the offer making stage is that, you do not have to do it personally. You can enlist the help of an experienced real estate agent to negotiate on your behalf. McKenna Berg, who is a member of The Ballen Group Real Estate Network, will be honoured to do the negotiations for you. He will help you bargain for the most favourable price for you and take you through the process. A professional real estate agent will assist you to consolidate all the necessary documents for proceeding to this stage. These include a prequalification document, an inspection report and a mortgage approval from your financier among others. The mortgage approval will help the seller realize that you are serious about the issue of purchasing the house. The real estate agent will also write the offer document for you and present it to the seller on your behalf. Therefore, you will need skilled personnel in the real estate industry to help you navigate the technical issues.

Once you decide on the price that you will be comfortable with, McKenna Berg will deal with the other complexities involved in making an offer for the home. McKenna Berg has a vast experience in assisting buyers in Reno, Nevada to acquire homes. She will make the home buying process a breeze for you.

Note that there are three responses to expect from the seller after you present to him a copy of your offer to purchase the asset. These are an acceptance, a rejection and a counter offer. The counter offer is the most common response; hence, the real estate agent will help you come up with strategies for presenting your interests and getting the best deal out of it. One of the techniques that you can use to turn things in your favour will be to reassure the seller that you will provide a substantial deposit and speed up the closing process.

The bargaining skills of your real estate agent will determine the decision that the seller will make, hence, look for one who has a proven record of success in the area. Get in touch with McKenna Berg if you are planning to purchase a home in this region, and you will be satisfied with her services. Contact McKenna Berg, a member of The Ballen Group Real Estate Network, at (775) 453-0343 or visit www.TheBallenGroupReno.com.