According to the National Association of Realtors ‘Home Buyer and Seller Generational Trends’ report, it takes buyers an average of 10 weeks to find the right home. Once you’ve found yours, it’s time to submit an offer on the property.
How do I make an offer on a house?
Making an offer on a home generally involves drafting a letter that includes the price you’re willing to pay for the home, your timeline and target date for closing. It may also include and any additional terms you want the home seller to consider. You should rely heavily on your real estate professional for this. They may be able to get an inside track on the motivating factors for the seller. Sometimes it’s strictly bottom-line figures, but you might be surprised to hear that the terms—including move out date, flexibility regarding repairs, and closing date of the transaction—can be even more important.