6 Steps to Making the Best Home Bid
Determining a bid on house can be daunting, follow these 6 steps to make the process easier.
Take the market’s temperature
Is the housing market hot or cold?
Look at comparable sales
Checking out previous house sales in the area can help you determine true market value.
Ask around the neighborhood
Ask the neighbors about crime rate, traffic, schools. That can help you determine if you want to place a bid or not.
Learn the seller’s situation
Find out why a seller is selling, that can help you determine a bid price.
Ask your agent’s opinion
An experienced agent can give you advice about a reasonable offer.
Protect yourself with contingencies
Protect yourself by including a list of contingencies in your home price offer.