How to Make an Offer on a House
Buying a home is an important lifestyle and investment decision.
You want to buy at the best price possible. You want your monthly payments to be as affordable as possible. You want your home to increase in value as much as possible.
To make sure all that happens, it’s important to look beyond your individual purchase before you buy. You need to look at larger market conditions. What’s happening around you (house price trends, mortgage rate movements, new home construction) will have an influence on your purchase. The more you know the more control you have.
In a buyer’s market, the number of homes available for sale exceeds the demand, so prices will either stabilize or drop. With fewer buyers and more homes, you not only have more options to choose from, you also have greater negotiating leverage.
While your real estate agent is there to guide you, the more you know about the home-buying process, the smoother it will be. Read How to Make an Offer on a House for more information:
