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How Do I Determine The Initial Offer?

January 15, 2016 by James Scott

As you’ll see in this video, unless you have a buyer’s agent remember that the agent works for the seller. Make a point of asking him or her to keep your discussions and information confidential.

Listen to your real estate agent’s advice but follow your own reason on deciding a fair price.

Calculating your offer should involve several factors: what homes sell for in the area, the home’s condition, how long it’s been on the market, financing terms and the seller’s situation.

By the time you’re ready to make an offer you should have a good idea of what the home is worth and what you can afford.

Be prepared for give-and-take negotiation which is very common when buying a home. The buyer and seller may often go back and forth until they can agree on a final price.

How Do I Determine The Initial Offer

Filed Under: Real Estate Tips Tagged With: Home Buyers Tips, Real Estate Tips, Video

James Scott

James Scott

Broker Associate/Team Leader
Call 832.969.2391
james.scott@remax-allstars.com

USN Veteran, BPOR, E-PRO, MRP, TAHS
RE Lic #0567537

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