Home buying guide – The seller’s response to your offer

Posted by Ivan on Feb 18, 2012 in Buying | 0 comments

You have found the house you want to buy and instantly made an offer on it. If your offer is not interesting, the seller may turn it down outright or give a counter offer. Let us say that all the terms in your offer were approved by the seller except for the price. Most likely, the seller will be sending it back and suggest to make the price a little bit higher.

Or, I will give a different situation. Let’s instead say that the seller was impressed with your overall offer, but you are asking too many things he should do – like making the price lower, a long list of repair jobs to be made and telling him that you should first sell your house before purchasing his house. If the seller don’t reject your offer right away after looking every detail, he may select one of these requests to allow in a counter offer.

If you are too difficult to do business with and too demanding, the seller will likely turn down your offer without telling you the reason. So, to ensure that your offer is going to be accepted then try to make your requests reasonable when making an offer to a home. You can hire an agent which will help you find an excellent home while also making an offer in order to secure the home you want.

Another advantage of having a realtor working on your side is his capability to know the exact offer you should put on a house. Aside from that, he can also see how long the home has been on the market and able to find out other offers made on the home. So, if the house has been on the market for just a month, then you might be able to negotiate for a lower selling price. And, as what I said earlier, an acceptable offer to both parties is the key to get the home you want and a person that is capable of doing it is your real estate agent.

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