We believe that the art of bidding & making a first impression is crucial in creating a successful real estate deal.
And here's why you should probably leave it to your Realtor®
If you want to make an initial offer, you should consider two factors: what you can afford, and what you really feel the property is worth. Consider making an initial offer that is reasonable and fair, and that will not cause the seller to lose his or her cool too much.
Remember that as much as hearing from a great buyer will make the seller feel as though they have an opportunity on their hands, you don’t want to cast any aspersions relating to how you may be inexperienced, vulnerable, or difficult to deal with in the days that follow.
A lot of individuals believe that they should make a lesser bid the first time they place one. Everything is dependent on how the market is doing at the moment. If you want to obtain an average price per square foot, you can look at what other houses in the area have sold for and compare it to your target price. The ability to evaluate a home on a price-per-square-foot basis is a fantastic leveller.
Also, find out what is going on in the community that could impact property values. Are their neighbors planning any new construction or restoration projects on their land?
When it comes to property taxes, so many sellers are behind on their payments nowadays, and if you have that important knowledge, you'll have an advantage in the negotiation process. In order to find out, you need visit the county clerk's office.
Fumbling a negotiation is a sure-fire way to lose out on a great home buying opportunity. If you’d like to learn more about how to do it properly, the first time, drop us a line.
Often clients engage in bidding wars, or make other moves in their deal. Real Estate Agents are in place in order to handle these properly and effectively.
Don't try to predict when the market will peak.
The greatest moment to purchase a home is when you locate the home of your dreams and can afford it. Real estate is cyclical in nature; it rises and falls, and then rises and falls and rises and falls again. As a result, if you attempt to hold out for the ideal moment, you will almost certainly lose it.
It is not necessary to worry about attempting to timing the market and determine when it is the optimum moment to purchase. Even experts usually struggle with predicting the market.