When you find the house of your dreams, it’s time to make an offer. But how much should you offer? How do you make an offer on a house that will be accepted? In this post, we will walk you through the process of making an offer on a house. We’ll give you some tips on how to negotiate and what to do if your offer is rejected. Let’s get started!
What is the correct way to make an offer?
The first step is finding a real estate agent. They will help you determine how much the house is worth and what you should offer. You should also get a loan pre-approval from a lender. This will show the seller that you are serious about buying the house and it will give you an idea of how much you can afford to offer.
When you are ready to make an offer, your real estate agent will present it to the seller’s agent. The offer will include the purchase price, the amount of earnest money you are putting down, and any contingencies. The earnest money is a deposit that shows the seller you are serious about buying the house. The contingencies are conditions that must be met in order for the sale to go through. For example, you may include a contingency that says the sale is contingent on the house passing a home inspection.
What if the seller rejects my offer?
The seller will then have three options. They can accept your offer, reject it, or make a counteroffer. If they accept your offer, congrats! You are on your way to owning a new home. If they reject it, don’t be discouraged. It is common for buyers and sellers to negotiate back and forth before coming to an agreement. You can then make a counteroffer or walk away from the deal. If the seller makes a counteroffer, you will have to decide if you want to accept it, reject it, or make another counteroffer. This can go back and forth until both parties agree on a price or one party walks away from the deal.
Making an offer on a house can be daunting, but with the help of a real estate agent and a little bit of negotiation, you will be in your new home before you know it. Austin D. Titus is a local real estate agent ready to help with your new home purchase in London, Aylmer, Ingersoll, St. Thomas, or surrounding areas. It’s easy making an offer on the home you want. Contact us today to get in touch with an experienced and professional real estate broker