Apr 11
When I find the home I want, how much should I offer
Your real estate broker can help you, but there are several things you should always consider:
- is the asking price close to the prices of similar homes in the area?
- Is the home in good condition?
- How long has the home been on the market?
- How much mortgage will be required?
- How much do you really want the home?
The closer you are to the asking price, the more likely your offer will be accepted. In some cases, you may offer more than the asking price, if you know you are competing with others for the house.