Before you go ahead and buy a home, it is very important to determine why the owner has decided to sell that house. You can either use a real estate agent or gather information on your own to find out why the house is on sale. For more information kindly visit us at http://lajollasandiegohomes.com/

1. How to Determine What
to Offer on a Home for
Sale
Brought to you by www.LaJollaSanDiegoHomes.com

2. How to Determine What to Offer on a
Home for Sale
Before you go ahead and buy a home, it is very important to
determine why the owner has decided to sell that house.
You can either use a real estate agent or gather information on
your own to find out why the house is on sale.
This, together with the following factors will help you determine
the best offer to place on the home.
The Status of the Real Estate Market

3. How to Determine What to Offer on a
Home for Sale
The status of the real estate market can help you determine
whether to place a high or considerably lower offer on the
home.
If the market favor's you as a buyer, it means that you have less
competition and therefore the seller can accept your offer even
if it is low since there are few buyers.
But if the market is in favor of the seller, making an offer that is
anything below the asking price will not be a good idea.
You should make an offer that is as attractive as possible to
increase your chances of getting the home.

4. How to Determine What to Offer on a
Home for Sale
Seller's buying price for the same home
The asking price the seller has set for the home is likely to be
closer to what he paid for the home, and therefore determining
the amount he paid for the house will help you determine the
best offer to place on the house.
Even though the seller might have made some renovations to
the house that may cause the home to be priced higher, it is
more unlikely for the asking price to be so high compared to the
amount with which he or she bought the house.

5. How to Determine What to Offer on a
Home for Sale
Price of comparable homes in the market
Homes that are similar in configuration, location as well age to
the home that you want to buy are likely to be in the same price
range.
You can therefore look for data for the recent sales of
comparable homes in the area you want to buy the home.
Focus on homes that have been sold within a span of 6 months
and less.

6. How to Determine What to Offer on a
Home for Sale
The seller's mortgage balance
If the owner of the house still has a high mortgage balance to
clear, he or she may be willing to take an offer that is slightly
lower than mortgage together with the housing costs.
He or she may be selling the house so as to clear the mortgage
and therefore chances of him or her accepting a low offer
especially in buyer's market will be high.

7. How to Determine What to Offer on a
Home for Sale
But if the seller's mortgage is low, chances of him or her
accepting an offer that is below the mortgage are very slim.
In such a case, you will need to weigh the situation of the
market and then put an offer that you know can be accepted.
The time the home has been on the market
If the home has been in listings for long, it implies that there is no
competition towards it.

8. How to Determine What to Offer on a
Home for Sale
Also, the home might have been in an expired listing but it has
been re-listed by a real estate agent. In such cases, an offer
that is slightly below the asking price might be accepted.
If you are looking for la jolla homes for sale then contact Jaz
Cook today!
Or visit her site at http://lajollasandiegohomes.com/.

9. How to Determine What to
Offer on a Home for Sale
Brought to you by www.LaJollaSanDiegoHomes.com