How to make an offer to purchase real estate | Main Line Homes | RE/MAX Main Line Paoli

How to make an offer to purchase real estate

You've found a house you like, but want to offer a little less than the asking price. What is the best way to do it?

How an offer is made has a lot to do with the outcome:

* Sellers are more comfortable with an offer if they know the buyer is qualified and eager to close.

* A buyer's agent can help. When the agent presents the offer in person, the seller can ask questions that could lead to a favorable decision.

* A real estate agent essentially does the same. Though a real estate agent is working for the seller, the sale is still a primary goal.

* Always present your offer to the seller in person. Don't fax.

* Some sellers don't want personal contact with buyers. If you use a buyer's agent, be sure the offer is presented in person to the listing real estate agent.

* When a real estate agent requests that offers be presented in a sealed envelope, ask the real estate agent to prepare a summary to accompany the offer. The summary should tell something about you and highlight positive aspects of your offer, such as an early closing date.

* However your offer is presented, your chances of acceptance are improved by including a copy of a preapproval letter from a mortgage company.

* When multiple offers are involved, some buyers write a letter to the seller to personalize their offer. It won't help if you aren't qualified or if the offer is too low.