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)