Once you’re been pre-approved by a lender and you know how much you have to spend on real estate you can begin your search. Take a good look at the Holden Beach real estate listings we have right here on our website. When you view our listings here first you'll save a lot of legwork out in the neighborhoods later. In a short period of time you will find a property that you want to buy. Making an offer is the first step in the negotiation process. An appropriate offer includes the price you're offering to pay for the property you found that you want to purchase, your financing terms, as well as any contingencies.
You should begin with a realistic offering price. You want to come up with a price based on similar properties being sold in the same neighborhood in the past six months. You'll also want to keep the local conditions in mind. In other words, if houses are selling quickly and many houses are receiving multiple offers, you'll need to bid competitively. Higher bids will take priority and get noticed. Make a low-ball offer and chances are it will be ignored.
The second option to include in your offer is realistic financing terms. If you're pre-approved for a loan, be sure to include that in the offer so the seller knows you're serious. As professionals in the real estate industry, at Brunswickland Realty we help you with these details.
And finally, include a property inspection clause. This gives both buyers and sellers a certain amount of time to either fix what needs fixing, agree to proceed without having it fixed, or allowing the buyer to walk away with his deposit (but not his property inspection fee). Property inspections are critical for peace of mind and if a bank is providing a mortgage they will require one.
Most offers include a deadline for a response, anywhere one to three days. Counter offers often have 24 hours to respond so be able to be reached during this time period. Everything needs to be put in writing. Don't rely on verbal agreements for anything when you’re purchasing real estate.
Offer a fair and competitive price the first time and chances are good that you’ll be purchasing that piece of Holden Beach property that you have your eye on.