Philadelphia, Bucks and Montgomery Counties Real Estate. Tips for home buyers, home sellers by Gita Bantwal,Realtor at Re/Max Centre Realtors.: Ten Steps to Buying a home this year. Step 6. Make an offer on a house.

Ten Steps to Buying a home this year. Step 6. Make an offer on a house.

Once you find a home that you would like to buy, the next step is making an offer on the house.

If you have a buyer agent, the agent will show you the comparable sales in the community and help you determine a purchase price. You can look at the list price to sales price ratio. In today's market homes are seling at very close to list price and many are selling for more than the list price.

It will depend on the sub division. There are some communities where not many homes come on the market. In these sub divisions homes sell quickly .

You may have watched TV shows or read books about offering 50% less than asking price  but in reality it is not common.

The agent can show you all the sales and the list price and final sales price of the homes. If a home is priced below market it may be priced to sell quickly and there may be multiple offers . It may sell for more than list price. The agent is the best person to guide you but do not just take the agent's word , ask to see the comps.

If there are multiple offers you should consider fewer contingencies or offer the seller a closing date that the seller will prefer. Some sellers will prefer fewer contingenices to higher price. You agent is the best person who can  guide you. 

You can hire an attorney to prepare the agreement of sale or have the agent prepare it and have attorney review it. Your agent can tell you  about state laws on making an offer to purchase.

Step # 5 Preview homes

If you are thinking of buying a home in Bucks County call me Gita Bantwal at Re/Max Centre 215-343-8200x124 or 215-275-8491

 

When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

Comment balloon 14 commentsGita Bantwal • April 24 2018 02:14PM

Comments

Good afternoon Gita - another great article.  You covered the offer well.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 7 months ago

Interesting Facts, Your blog post should attract more readers to Phili. Keep writing and Good Luck!

Posted by Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D, & Host of Postcards From Success Podcast (Big Block Realty 858.232.8722) 7 months ago

Almost every neighborhood in my area is selling at 98% to over list price. Buyers are wasting time thinking they will get it at 50% on the dollar.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) 7 months ago

Grant, thank you for the comment

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 7 months ago

Thomas, thank you 

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 7 months ago

Debbie, I agree.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 7 months ago

Good morning Gita.  The offer process is often the most nerve-wracking time for buyers.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 7 months ago

This is very good information to share with prospective home buyers.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 7 months ago

Hi Gita- what a good series you've created for buyers and sellers. 

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) 7 months ago

Gabe, I agree.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 7 months ago

Roy, thank you 

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 7 months ago

Kathy, thank you 

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 7 months ago

I can see the wheels turning in buyer's heads when they are trying to make a decision of the offer price. Even with the market comps it is still hard for some folks.

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty, Martha Hilton, Broker) 7 months ago

Rebecca, I agree.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 7 months ago

Participate