Make an offer. Once you find the house you want, move quickly to make your bid. If you’re working with a buyer’s broker, then get advice from him or her on an initial offer.
Try to line up data on at least three houses that have sold recently in the neighborhood. If you really want the house, don’t lowball. The seller may give up in disgust. Remember, that your leverage depends on the pace of the market. In a slow market, you’ve got muscle; in a hot market, you may have none at all.
Having a buyer’s agent to solely represent you as a buyer is critical to the process. The buyer’s agent will bring knowledge and experience that is strictly for your best interest.
Be creative about finding ways to satisfy the seller’s needs. For instance, ask if the seller would throw in kitchen and laundry appliances if you meet his price or take them away in exchange for a lower price.
Once you reach a mutually acceptable price, the buyer’s agent will draw up an offer to purchase that includes an estimated closing date (usually 30 to 45 days from acceptance of the offer).
John Miller – Broker
J Miller Realty & Associates
The Realtor Experience
919-264-4364
jtm.garealtor@gmail.com