How to Determine Whatto Offer on a Home forSaleBrought to you by www.LaJollaSanDiegoHomes.com
How to Determine What to Offer on aHome for SaleBefore you go ahead and buy a home, it is very important todetermine why t...
How to Determine What to Offer on aHome for SaleThe status of the real estate market can help you determinewhether to plac...
How to Determine What to Offer on aHome for SaleSellers buying price for the same homeThe asking price the seller has set ...
How to Determine What to Offer on aHome for SalePrice of comparable homes in the marketHomes that are similar in configura...
How to Determine What to Offer on aHome for SaleThe sellers mortgage balanceIf the owner of the house still has a high mor...
How to Determine What to Offer on aHome for SaleBut if the sellers mortgage is low, chances of him or heraccepting an offe...
How to Determine What to Offer on aHome for SaleAlso, the home might have been in an expired listing but it hasbeen re-lis...
How to Determine What toOffer on a Home for SaleBrought to you by www.LaJollaSanDiegoHomes.com
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How to determine what to offer on a home for sale

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Before you go ahead and buy a home, it is very important to determine why the owner has decided to sell that house. You can either use a real estate agent or gather information on your own to find out why the house is on sale.

For more information kindly visit us at http://lajollasandiegohomes.com/

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Transcript of "How to determine what to offer on a home for sale"

  1. 1. How to Determine Whatto Offer on a Home forSaleBrought to you by www.LaJollaSanDiegoHomes.com
  2. 2. How to Determine What to Offer on aHome for SaleBefore you go ahead and buy a home, it is very important todetermine why the owner has decided to sell that house.You can either use a real estate agent or gather information onyour own to find out why the house is on sale.This, together with the following factors will help you determinethe best offer to place on the home.The Status of the Real Estate Market
  3. 3. How to Determine What to Offer on aHome for SaleThe status of the real estate market can help you determinewhether to place a high or considerably lower offer on thehome.If the market favors you as a buyer, it means that you have lesscompetition and therefore the seller can accept your offer evenif it is low since there are few buyers.But if the market is in favor of the seller, making an offer that isanything below the asking price will not be a good idea.You should make an offer that is as attractive as possible toincrease your chances of getting the home.
  4. 4. How to Determine What to Offer on aHome for SaleSellers buying price for the same homeThe asking price the seller has set for the home is likely to becloser to what he paid for the home, and therefore determiningthe amount he paid for the house will help you determine thebest offer to place on the house.Even though the seller might have made some renovations tothe house that may cause the home to be priced higher, it ismore unlikely for the asking price to be so high compared to theamount with which he or she bought the house.
  5. 5. How to Determine What to Offer on aHome for SalePrice of comparable homes in the marketHomes that are similar in configuration, location as well age tothe home that you want to buy are likely to be in the same pricerange.You can therefore look for data for the recent sales ofcomparable homes in the area you want to buy the home.Focus on homes that have been sold within a span of 6 monthsand less.
  6. 6. How to Determine What to Offer on aHome for SaleThe sellers mortgage balanceIf the owner of the house still has a high mortgage balance toclear, he or she may be willing to take an offer that is slightlylower than mortgage together with the housing costs.He or she may be selling the house so as to clear the mortgageand therefore chances of him or her accepting a low offerespecially in buyers market will be high.
  7. 7. How to Determine What to Offer on aHome for SaleBut if the sellers mortgage is low, chances of him or heraccepting an offer that is below the mortgage are very slim.In such a case, you will need to weigh the situation of themarket and then put an offer that you know can be accepted.The time the home has been on the marketIf the home has been in listings for long, it implies that there is nocompetition towards it.
  8. 8. How to Determine What to Offer on aHome for SaleAlso, the home might have been in an expired listing but it hasbeen re-listed by a real estate agent. In such cases, an offerthat is slightly below the asking price might be accepted.If you are looking for la jolla homes for sale then contact JazCook today!Or visit her site at http://lajollasandiegohomes.com/.
  9. 9. How to Determine What toOffer on a Home for SaleBrought to you by www.LaJollaSanDiegoHomes.com

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