What To Know Before Making an Offer on a Home
The Starting Point When Making an Offer The first thing to consider before making an offer is to have your Realtor prepare a CMA (comparative market analysis). After all, you will be making one of the biggest purchases of your lifetime, so it’s imperative that you know what the correct value is to make the best offer you can. Remember, an offer is just a starting point that will lead to a binding purchase contract. However, until both buyer and seller have agreed to all the terms, including a final price, both parties have an opportunity to abandon of the deal. Besides the market value , it’s best to learn as much as you can about the property before you submit the written offer. Your Realtor can answer most of your questions, however some concerns you may need to scope out on your own – through your due diligence. Having a home inspection can provide answers about the structure of a home. This may help determine whether you’re ready to make that next step of si...