Monday, July 26, 2010

Need some advice about putting down a buy offer on a property?

I'm a first time buyer and am very interested in a property on the market for 拢119,995.


I know that a seller will often bump the asking price up, so is there like a standard % price drop for a first offer... like 5% or something?


I'm happy to pay the full asking price but obviously I want to try my luck, as I think the seller is looking for a fast turnaround but at the same time I don't want to offend or give the impression I'm not serious about buying.





What would you offer first in this situation? And then how much for a second offer if the first was rejected?Need some advice about putting down a buy offer on a property?
Never offer the full asking price. I would start out offering 10,000 less than they are asking. They'll probably negotiate with you till you come to a happy medium. Happy house buying!Need some advice about putting down a buy offer on a property?
Start working with a realtor. You won't be paying for it, the seller will. Buying a home without a realtor is like going to court without a lawyer.
Every transaction is different. Offer too little and the seller feels harmed. Offer too much and you feel as you paid too much. Get a professional involved: find a Real Estate Agent to help you. He/she should be a REALTOR(R).

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