Education for Buyers

How Do I Make an Offer on a Home and Negotiate with the Seller?

You, as potential buyer, start the process by putting an offer with price and term in writing and presenting it to the seller with the help of your Realtor.

Because buying a home is probably the biggest financial investment you'll ever make, the price is really up to you and the seller.

The seller has three basic options: to accept, reject, or counter offer on certain details. If there is any negotiation, keep up the dialog until you arrive at a price and terms you and the seller agree on and accept.

This is where the realtor's help is invaluable. The realtor keeps the negotiation process running smoothly. With a knowledge of your situation, the seller's situation, and financing options; an agent can suggest strategies that result in a satisfactory transaction.

Next: What is in a Sales Contract?