What should I know about making an offer?

Making an offer on a home is one of the most simultaneously exciting and stressful things a buyer will do, especially when it is the first home a person is ever buying. There are a lot of things to consider when it comes time to make an offer. It is important that you make an educated offer and don’t just throw out the number you would like to pay. It doesn’t always work that way.

You should consult with your real estate agent who will give you an idea of whether your offer is one that the sellers will even consider. If there are a lot of other offers going in on the house, you may find yourself entering a bidding war so it is important to prepare yourself for that. Another idea that you may want to keep in mind when you make an offer on a house is that you may want to write a heartfelt note stating why you want the house. Tugging on the heartstrings of the seller may make a difference if you are in a bidding war. If two prospective buyers put the same bid in on the home and one included a letter, the seller has a better chance of choosing them.

It is also important that you only bid what you are comfortable bidding. You shouldn’t forget to take the additional costs into consideration such as your attorney’s fees, realtor’s fees, and closing costs.

If you are buying a house in New Jersey and require the services of an experienced real estate attorney, contact an experienced real estate attorney today.

Joseph Gachko, Esq. is an experienced New Jersey attorney who can assist you in any of your estate or real estate-related legal matters. If you require legal counsel for your real estate matters, please contact The Law Office of Joseph Gachko today to set up a consultation.