Home Buying in 49546>Question Details

123456, Home Buyer in 49546

i want to make an offer on a house. how do i know if my offer is good and i am not over paying?

Asked by 123456, 49546 Sat Oct 30, 2010

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Hi, You should look at the past 6 months sales in that immediate area and couple that with what you feel the home is worth. Make sure the homes are similar to the home you are making an offer on...
0 votes Thank Flag Link Wed Oct 17, 2012
That's a great question! This is where having a good buyers agent is definitely needed. A good agent will be able to pull the history of recent sold homes that compare to the one your buying. They will also consider other factors that may play a role in determining the best price such as lot & location and many other variables that come into play. On top of that a good buyers agent is also a good negotiator. Putting in an offer is great but getting them to accept can sometimes be a challenge!
0 votes Thank Flag Link Wed Oct 17, 2012
Ask your realtor to send you the prices of the recent sold properties in the property's neighborhood. This will give you a good indication of what to offer the seller. If you don't have a realtor, considering find one on Trulia. Most are dedicated and hard working, and have years of experience working with buyers.

Best of luck to you.
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0 votes Thank Flag Link Sun Oct 31, 2010
Hello Home Buyer,
Low interest rates and low priced homes, what a time to buy. The best deals will go fast. Having your own Realtor is essential. They will help you be successful in your endeavor. Find a Realtor you are comfortable with, sign a buyer agency contract with that agent. You have now hired your own professional representative. The Realtor will be working for you and looking out for your best interests. She or he will have information on the homes that will be a good value and what to offer. Your Realtor will be your best market resource.
0 votes Thank Flag Link Sat Oct 30, 2010
You definitely would want a real estate agent to represent you as a buyer. I do not represent a buyer and seller on the same property ever. I feel each needs their own representation. You do not have to sign a buyer agency contract to work with a real estate agent. Both agents are paid by the seller. It should be free for you to work with an agent as a buyer. A buyer's agent will run the comps for you. They will show you what has sold in the area within the past 3-6 mos. and you will be able to make an informed decision from viewing the stats and listings.
0 votes Thank Flag Link Sat Oct 30, 2010
Hello Home Buyer,
It is a great time to buy, with many good deals. Getting a best buy in today's market is challenging. And the best deals go the fastest. Having your own Realtor is essential. Find a Realtor, in the area where you are buying, that you can work with well. Sign a buyer agency contract with that agent. Under this contract, the Realtor will be working for you and looking out for your best interests. Do your own research because knowledge is power. Then, trust your Realtor to help you get the best price on that house.
0 votes Thank Flag Link Sat Oct 30, 2010
You have to gather some marketing info, and base your decisions on that data.
0 votes Thank Flag Link Sat Oct 30, 2010
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