Tag Archives | real estate

Making An Informed Offer

Making an informed offerHow much you should offer for a home will depend on several factors, including the asking price, recent sale prices for comparable properties in the same neighborhood, how long the property has been on the market, the current market conditions and what you know about the seller and his/her motives for selling. You also need to factor in your own motivations and how much you want a particular property.
In a strong real estate market, buyers often engage in bidding wars for a property, sometimes even paying above the asking price. In that kind of market, you need to make your best offer, or close to it, right off the bat.
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Why Consider A “Buyer’s Agent”

iStock_000056690830_Medium_600x400Unlike sellers who have a contractual relationship with the real estate agent who lists their house, buyers are not tied to the agent who helps them find a home. If you don’t think the agent you are using is doing a good job, talks too much, smokes too much, or just plain rubs you the wrong way, by all means find another agent, and another one after that if you don’t like the second one.

Unless you are working with a buyer’s agent, with whom you do have a formal agreement; you do not owe the agent anything. If an agent introduces you to a home that you eventually purchase, the agent will receive a commission which is paid by the seller out of the proceeds from the sale. Read More

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