Strategies for Making an Offer

[Job Offer Decision Making]When you receive a job offer, it's important to take the time to carefully evaluate the offer so you are making an educated decision to accept, or to reject, th...+阅读

Whenever buyers are ready to make an offer, their most mon question is How much should I offer? Although it seems like a simple question, the answer is not so simple, because each and every transaction is different. No two real estate transactions are exactly alike. Before you can decide how much you should offer to purchase a house, it is important that you understand the basic factors involved in making an offer.The Human Factor

By far the most important and variable element in any real estate transaction, the human factor must be first and foremost in a buyer's mind. Real estate is not the only enue that shows, on a daily basis, that people are different in a variety of ways. People municate, negotiate, live, and think in drastically different ways. Two sellers in the exact same positions might treat a contract with identical terms for $90,000 on a $100,000 house in pletely different ways. One seller might accept your offer with no alterations, while another seller may be offended and refuse to even counter-offer. The only difference between these two offers was the individual seller. Often, people allow sentimental or even desperate emotions to get in the way of their negotiations. When you decide to make an offer on a property, your job is to keep sentiments out of the negotiation as much as possible; at the end of the day, buying a home is a business transaction, and cooler heads always e out on top in negotiations.The Seller's Position

Someone's motivation for selling directly affects their frame of mind while negotiating. For instance, a family who finds their dream home and can't afford two mortgage payments may be quite open to negotiations. On the other hand, a seller facing foreclosure and in a financial pinch may not he any room to negotiate due to their situation. Then, there are sellers who are just mildly interested in selling, perhaps because their family is outgrowing their current home; they he no real reason to move, so no pressing need to negotiate the sale. Also, there are sellers who he already had to move, so they are footing a second mortgage payment that is eating up their sings. In this situation, you may be able to find a steal since they are highly motivated to dump that payment. The candidates least likely to budge during negotiations are those sellers who he inherited a home; they he no need for the money, and no factors like moving to consider. For these sellers, the money from the sale is simply a bonus, and they can wait for the perfect offer.