There are a lot of factors when it comes to putting in an offer on a house. The best thing I can say to do is have a third person involved. Things get sticky and if you start to build a relationship with someone you may have regrets by the end of it over something as simple as personal property like appliances or feeling like you got a bait and switch on price. Found time in and time again, when using a Realtor clients spend less on getting a home. A professional works on your behalf to negotiate, compare recent sales to make sure you are paying the right price.
BASICS OF AN OFFER
these steps can vary deal to deal depending on the situation
1. As an agent representing you, I would make sure that there are still offers being accepted on that home
2. We would get your pre-approval letter from your bank to send in with your offer. It shows the buyers that it is a serious offer. In the event that there are multiple offers this can work to your advantage.
3. You would make an offer with a negotiation strategy. With over 20 years of business and negotiation experience this is where I am most excited to represent you. Negotiation is not always easy, the factors are endless. This is where experience comes into play and you want to the offer to appeal to home seller but also work for you. Often cases, I see where people want to roll in closing costs or put in contingencies and these are things we can talk about.
When it comes to negotiation, what makes you feel most confidence is facts. Gathering facts starts with finding comparable home sales in that area. Making sure you are getting a fair deal is most important. This is a great place to justify your negotiations.
This is where I would walk you through on things. Each home and each deal is 100% different, but our goal is to find what hot points will work for the sellers while also getting you a home you will love.
What I find with most people is that they want to make sure they are getting a fair deal, no one wants to overpay for something.
Be flexible with timing - listening to requests of the sellers on closing could help you get the property. If you are able to find out what is important to the seller, you can try to accommodate those things while being able to negotiate the things that are important to you.
After putting in an offer there are a couple places things can get shaky -
The inspection, things come back and they are concerns. The appraisal comes back for less than you are about to pay for the home. These are all instances where we can negotiate and make sure you are getting a fair deal.
As an agent representing you, I am your negotiator. My job is to best help you get your needs met in negotiation. This is where it is always important to let me know your concerns and what is on your mind. If I know something is really important to you but something else is not as important I can use those things in negotiation. This entire process is about communication.
Looking to put in an offer? I will have you come down to the office and I would get the process started. When you see a home you love, I do not recommend waiting long.
Written by Megan Werpy, Realtor at Lee Real Estate 605-222-4310
Fair Housing Opportunity Realtor
