Have you found the house of your dreams yet? If you've found a property you love, you now need to decide how much you're willing to offer. You want to be conservative enough that you get a good deal, but you don't want to bid so low that you risk losing the house. The following are some questions that need to be answered prior to making an offer:
- How long has the house been on the market? The longer it's been on the market, the more flexible the sellers are likely to be.
- How much are people paying for similar properties in the area?
- How much can you afford?
- Are you pre-approved for a loan? If so, you will be very attractive to sellers, and you'll have more room to negotiate.
- How badly do you want this sale to go through?
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