| After selecting the house that you want to purchase | | | | obliged to sell the property to you. Therefore your bid |
| you have to make a written offer to the seller. Your | | | | should be more attractive than the other prospective |
| offer can be accepted without any changes or the | | | | buyer's. For this you can understand the need of the |
| seller can make a counter offer by making few | | | | seller to sell this property. Maybe he is in need of |
| changes in your offer or it is completely rejected by | | | | money or maybe he is moving out or maybe he does |
| the seller. Bottom line is it has to be accepted by both | | | | not need the property anymore as he has another |
| the parties for the sale transaction. However in all the | | | | property and he is just waiting the right price. All these |
| three scenarios the seller always has an upper hand in | | | | cases tell you about the seller's psychology. He does |
| the decision of the deal. Therefore as a buyer if you | | | | not have much time to hold his property or he is |
| are really interested in buying the house then you have | | | | waiting for the right opportunity and not in hurry to sell |
| to make your offer in such a way that it is accepted. | | | | the property. |
| For this you have to take care of few things before | | | | Therefore if you make an offer keeping these |
| making the offer. | | | | conditions in mind then you are bound to get your offer |
| Firstly your offer should quote the price in a way so | | | | accepted. Another important thing you should keep in |
| that it is not right away rejected. For this you have to | | | | mind is never offer contingencies to the seller. Like for |
| make a comparative study of the property rates in the | | | | example, "when my loan is approved or after I sell my |
| area. Try to find the recent sale of similar property in | | | | house." As a buyer giving these contingencies to the |
| the area. Make sure that the sold property has almost | | | | seller will ultimately make him reject your offer right |
| the same specification as the property you are | | | | away because the seller might not like to wait for you |
| interested in like the area, rooms, age, type etc. Also | | | | as long as he has other buyers lined up for his |
| the deal should have been not more than few months | | | | property. He is not obliged to sell the property to you. |
| old or rather one month and the sold property should | | | | So you have to prepare yourself completely before |
| be in the same locality rather a few blocks away. | | | | you set out to purchase a property. |
| This will give you a rough estimate of the price of the | | | | An offer after its acceptance from both the parties |
| property. Now you should consider the advertised | | | | becomes the sale contract which act as the blue print |
| price. Different sellers quote the price differently. Some | | | | for sale. Therefore it must have all the necessary |
| quote it overpriced, some pretty close to what they | | | | information and the entire clause that both the parties |
| expect ultimately and some under price so that they | | | | have agreed upon so that now as a buyer and a |
| can attract more buyers. You should make the offer | | | | seller you are in a legal contract and the deal is |
| considering the advertised price. | | | | beneficial for both. |
| You should always remember that the seller is not | | | | |