When you find that almost perfect home is best to act quickly. Your Realtor can help you make an informed decision about your offer with a comparative market analysis. A -CMA- compares the list price to recent sale prices of similar homes in the area. It should be adjusted to the conditions of the homes and market conditions. When home inventory is high, the market favors the buyers and when the inventory is low you may have less bargaining power.
The terms of the offer will help your chances of getting accepted by the seller. These are some of the factors on an offer; amount of the down payment and deposits, deadline before closing date, deadline for inspections.
Once you have decided on price and terms, your Realtor will prepare the paperwork for your review and signature and submit it to the seller’s agent.
Posted in: FAQ for Buyers