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Prepare a buyer profile
to submit to the seller. Supplying information such
as employment history, financial ability and reasons
for purchasing will establish a relationship with
the seller. Obtain written loan approval prior to
submitting the offer. |
|
Research the market and home values.
If you become knowledgeable in advance, you'll know
what a reasonable offer will be. |
|
Offer a realistic price based on
market conditions, property value and seller motivation.
"Low ball" offers will often offend the
seller and will ultimately diminish your ability
to negotiate. |
|
Be prepared to make decisions quickly
- the fear of making a wrong decision often stops
people from making the right decision. |
|
Include a significant earnest money
deposit. Larger amounts indicate a stronger commitment.
|
|
Minimize contingencies to those that
are key to the purchase. Fewer contingencies increase
the likelihood of your offer being accepted. |
