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