How to Determine What to Offer on a House!

Topanga CA, 90290

How to Determine What to Offer on a House!

Now that you’ve found the home you want, the hard work is done, right? Not exactly. Before you start submitting offers, you’ll want to figure out how much you should offer. Here are 4 factors that can help you decide what to offer on a home. We won’t beat around the bush; one of the most important parts of your offer will be the price. Unfortunately, figuring out what to offer is a common pain point for many buyers. Below are 4 questions you can ask yourself (and maybe your agent) to help you determine the best price for your offer.

1. What have similar homes sold for?

When generating comps for the property you want to buy, consider the following criteria:

• Location
• Construction type
• Bedroom/bathroom count
• Square footage
• Condition (i.e. new construction, updated or “fixer”)

      2. How long has the home been on the market?

The longer the house has been on the market, the lower your offer can typically be. This means that, conversely, if a home has just beeN put on the market, your offer price should usually be higher. TIP Ask how many offers are in the home, this determines your chances!

     3. What’s the condition of the home?

When evaluating the condition of a home, you’ll want to pay attention to structural/functional issues. Structural issues you’ll want to check for include:

• A sagging or damaged roof
• Cracks in the foundation
• Rusty plumbing
• Water stains on walls
• Warped or uneven floors
• Damage from pest infestations

     4. How flexible are you on price?

Aside from price, you can sweeten your offer by being flexible on factors like:

• Contingencies
• Closing schedule
• Rent backs
• Closing costs
• Repairs

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Remarks:

For more information on this property or to set up a showing give us a call or text directly (310)745-8991 or enter your info in the form below. If you would like to get automatic notifications of similar properties we come across both off-market and on market, sign up for our proprietary buyer’s and seller’s VIP program. Our goal is to assist buyers and sellers with the best service possible and with the least amount of hassle. For example, our buyer’s in waiting program matches qualified buyers with sellers before the house goes on the open market. This saves sellers the hassle and extra costs of staging their homes and having to vacate the premises to allow countless strangers to walk through their homes. The end result is more money in both the buyer’s and seller’s pockets with the least amount of hassle possible. And to sweeten the deal a bit, with our Proprietary Risk-FREE VIP Program, if you don’t like the house you buy, we will sell it for free. (Some conditions apply.) If you’re thinking about making a move in the next 6 months, give us a call at (310)455-1344 or fill out the form below and start packing… 

Disclaimer: All information is believed to be correct, but, its correctness is not guaranteed. Buyer to verify all information. Buyer to verify lot size, zoning, permit requirements, square footage, and school district. The successful buyer will accept the property “AS IS”, with no credits or repairs.