Making an Offer: Tips for Painless Purchase

Question: Allison, what is the best way to make an offer on a property?

Answer: The overwhelming number of properties on the market and still-attractive interest rates make now an excellent time for first-time buyers to purchase a home, as well as for existing homeowners to trade up.

Prospective buyers should obtain written mortgage approval from lenders for the amount they will spend on a home, as well as find a Real Estate Broker who knows the local market and is skilled in negotiating. Your Real Estate Broker will find answers to questions that could influence the purchase price.

When negotiating, prospective buyers avoid low-balling their first offer just to see what the seller says; but they should have a good idea of how much room they have to negotiate. They should never reveal how much they are willing to pay and should be prepared for counter-offers.

They should keep in mind that having too many conditions will make them less attractive to the sellers. Prospective buyers should focus on trying to get their dream property at a fair price.

For answers to your real estate questions, call Allison at 970-468-6800. Email - [email protected]. Allison is a long time local in Summit County. Summit Real Estate – The Simson/Nenninger Team is located at the Dillon Ridge Marketplace. Allison’s long-time residency and years of real estate experience can help you make the most of any buying or selling situation. She’s a Certified Residential Specialist (CRS), the highest designation awarded to a Realtor in the residential sales field.  Her philosophy is simple, whether buying or selling, she understands that the most important real estate transaction is yours.  Want to know the value of your Summit County property? Visit www.SummitHomeValue.com