Making An Offer! Things to know in any real estate transaction!

By
Real Estate Broker/Owner with California 55 Plus 01845716

 

Making an offer on a 55 plus community home is an incredibly exciting time! So many thoughts went into finding the community, looking at locations and considering options. Once you have found your perfect future home, it is time to go ahead and actually make an offer to buy.

There are many things to consider before you make your final move. Making a realistic offer that suits your budget and also keeps in view the market conditions is very important if you want it to be accepted. Your real estate agent will be of great assistance in preparing the right offer according to market conditions, comparable sales, location, and price per square foot.

 

WHAT TO CONSIDER WHEN MAKING AN OFFER ON REAL ESTATE

Before making a formal offer in writing, it is best to figure out why the seller is selling and if possible, how much did the seller pay. Even though a house bought years ago will not give a true picture of the current market, it can give a rough idea by looking at the historical median house prices in that area. Other important factors to consider when making on offer on real estate may include:

Before making a formal offer in writing, it is best to figure out why the seller is selling and if possible, how much did the seller pay. Even though a house bought years ago will not give a true picture of the current market, it can give a rough idea by looking at the historical median house prices in that area. Other important factors to consider when making on offer on real estate may include:

 

Price per square foot

Days on Market 

Market Conditions

Comparable Sales

 

Quite a list of additional items need to appear in your offer as well. In order to really have your needs met and ensure you are getting the best deal, always consult your Realtor! 

Comments (2)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Randy Thompson Those are very good helpful tips for a real estate transaction.

Jul 11, 2017 02:31 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good advice to share.

Your should use your blog settings to create an automatic signature for your blog. Readers want to see your contact information.

Follow some additonal members each day and comment on their blogs to build your network.

Jul 15, 2017 10:43 AM