The best real estate transactions are based on a win-win principle. This means that when the offer is accepted both the buyer and the seller feel they were treated fairly. Therefore, it is always important as a buyer to put in a realistic offer. Remember – bad offers get rejected and good offers get accepted.
We have found it is best to give the seller a difficult decision to make. Meaning- If the offer is too high it’s an easy decision for the seller, accept it! However if the offer is too low it is also an easy decision for the seller, don’t accept it and make a counter offer with terms preferable to them. If the offer is somewhere in middle the seller is left thinking, “Its lower than what I was hoping for, but it’s a realistic offer. Maybe I should just accept it and get this home sold.” We have found that this school of thought will get you the best deal and negations will go much smoother.
The number of days the home has been on the market and any recent price reductions may have a bearing on what is an acceptable price – we have years of experience to give you sound advice. We will show you market statistics and comparable sold properties so you can make an educated decision on how much to offer.
Keep the offer simple. Many times offers are rejected because there are too many non essential items in the offer. Put yourself in the shoes of the seller. What kind of an offer would seem realistic to you if you were the seller?
When your offer is presented to the sellers it is imperative that they know you are capable of closing on their home. Your loan approval letter from a mortgage lender should accompany your offer.
The Trusted Real Estate Group based in Sioux Falls, SD is a real estate company dedicated to helping you find the right residential home, lot / land, commercial building or investment property. The Trusted Real Estate Group is part of the Ameri/Star Real Estate, Inc. family. Website designed and Hosted by Gage eServices