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Answers (6)
- Spencer Valerio, "SV Home Loans"
- Contributions:26
It is definitely a great idea to get in touch with a lender. Your real estate agent will usually want to provide a Pre-Approval letter to go along with your offer. I also suggest you provide your lender with your supporting financial documents and ask them to provide a Verified Approval. This will avoid any lending surpirses once you are in contract.
Respectfully,
Spencer Valerio
- Kirsten Alexander, "eldorado lifestyle"
- Contributions:32
If you are ready to make an offer and are not working with an agent then contact the selling agent directly. In California, a REALTOR can represent both the buyer and seller so if you are working with the selling agent you should have gotten or will get a dual agent disclosure statement that says the REALTOR will be representing the interests of both the buyer and seller. If you are already working with an agent (and they are not the selling agent), then he/she is the buyer's agent and his/her sole responsibility is to represent you in the negotiations.
The best part of being the buyer is that you are welcome to offer any amount you see fit to offer but bear in mind that what you'd like to pay may not fit the neighborhood sales. The agent will show you what houses have been selling for in that neighborhood and make suggestions for price and terms. I would recommend listening to his/her suggestions before you finalize the offer. The agent's job is dealing with just this on a daily basis and will help you craft an offer that has a better chance of acceptance. I'm not suggesting that you offer beyond your means, just make sure you go in with both eyes wide open.
The best part of being the buyer is that you are welcome to offer any amount you see fit to offer but bear in mind that what you'd like to pay may not fit the neighborhood sales. The agent will show you what houses have been selling for in that neighborhood and make suggestions for price and terms. I would recommend listening to his/her suggestions before you finalize the offer. The agent's job is dealing with just this on a daily basis and will help you craft an offer that has a better chance of acceptance. I'm not suggesting that you offer beyond your means, just make sure you go in with both eyes wide open.
- wetdawgs
- Contributions:26854
The property you mention is not listed for sale on Zillow. The listing was removed on 11/13
- Dianne Wilk, "Dianne Wilk"
- Contributions:210
Hi. I agree with the agent Ellie Everson, and what she said. You need to get preapproved for a loan. And you need to get someone who is working for you, a Buyer's Agent. Typically I prepare a 'CMA' or competitive market anaylsis of a home for the buyer before they come up with a number. And we take into account how many showings the property is having, if its a hot property or something that may sit for a while. What the seller's motivation is. It will help you determine some strategy. And make sure you have some type of appraisal contingency-especially if you are paying cash or putting a large down payment down on the house/loan.
In the end, the seller has to feel as good about the offer as you do. If someone feels they are being treated unfairly, rarely do things come together. I know its soooo tempting to try for the jugular vein in a Buyer's Market, but typically it back fires.
Best of luck at you!
Dianne Wilk, Realtor
Prudenital Preferred Realty
McMurray, PA 15317
In the end, the seller has to feel as good about the offer as you do. If someone feels they are being treated unfairly, rarely do things come together. I know its soooo tempting to try for the jugular vein in a Buyer's Market, but typically it back fires.
Best of luck at you!
Dianne Wilk, Realtor
Prudenital Preferred Realty
McMurray, PA 15317
- Jessica Christopher, "JessicaZC"
- Contributions:178
Ellie gave some good stuff for you, you can find agents on Zillow under "directory" Ask your agent for a first time buyer booklet. Have fun and enjoy your new home.
- Ellie Everson, "Ellie Everson"
- Contributions:12
The first step is to visit a lender to get a pre-qualified letter. Then find a real estate professional familiar with that area. A real estate professional will know the market in that area and can tell you if the price of $175,000 is a fair price for this house, They can write a purchase agreement for you and get it to the seller. Between the lender and the real estate professional they will help you get through this whole process of purchasing a home.
Good luck,
Ellie Everson
Ceentury 21, Fischer, Rounds & Assoc.
Good luck,
Ellie Everson
Ceentury 21, Fischer, Rounds & Assoc.
need help to make a offer on one property
of $175,000 somebody help me we are first buyers and ready
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