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
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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 firstname.lastname@example.org
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.