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Determining an Offering Price

Thursday, November 4, 2021   /   by Tara Turner

Determining an Offering Price

Determining an Offering Price

Selecting the right home is the easy part. The real challenge when it comes to buying is making an offer that is acceptable to the seller. Here are some factors to consider before making your offer. 

Are you in a buyer's or a seller's market? Generally speaking, in a buyer's market you will be in a better bargaining position. Find out how many days the property has been on the market. Check on the prices of comparable properties that are currently listed for sale in the area and find out what comparable properties have recently sold for. 

What is the seller's motivation for selling? Certain reasons, like a job transfer, the purchase of another home, or even financial problems can make a seller more open to negotiation. 

Also, keep in mind that the seller's realtor is obligated to try to get the best deal they can for the seller. So it would be in your best interest to hire a realtor who will act on your behalf.

If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070. Mitchell Stein License# 0208163

Stein Team Realty - Keller Williams College Park
Mitchell Stein Dre# 02081632
2440 W Arrow Route #5C
Upland, CA 91786
310-770-4121
DRE# 01885348

Based on information from California Regional Multiple Listing Service, Inc. as of May 22, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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