Help you make offers. Your real estate agent will consider and share insights on key factors, including: 1. Comparable Sales (Comps): Recent sale prices of similar homes in the area to gauge a fair offer. 2. Current Market Conditions: Whether it’s a buyer’s or seller’s market, which affects negotiation power. 3. Listing Price History: How long the home has been on the market and any price changes. 4. Seller’s Motivation: Whether the seller is eager to move quickly, which could impact their willingness to negotiate. 5. Property Condition: Needed repairs or upgrades that may influence your offer price or terms. 6. Your Budget and Pre-Approval Status: Ensuring your offer aligns with your financing and comfort level. 7. Competition: If there are multiple offers, your agent may suggest strategies like offering over asking, shortening contingencies, or increasing earnest money. 8. Contingencies: What conditions to include, such as financing, inspection, or appraisal contingencies. 9. Closing Timeline: Matching or accommodating the seller’s preferred move-out date, when possible. Negotiate with the seller. The agent will inform you of the seller's response to your offer and advise you on the next steps, such as whether to accept a seller's counteroffer or negotiate price and terms. Refer you to other professionals. Your agent can refer you to other professionals, such as a lender, an insurance broker, movers, painters, electricians, plumbers, landscapers etc.
STEP 7: CHOOSE A HOME TYPE
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