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What Happens When You Make an Offer?

If you want to buy a new television you simply go into a retail store and pay the listed price. Pretty easy.

However, it doesn’t quite work that way when it comes to real estate. Although, a home will have a “listed price”, you must make an “offer” for that property, and then the seller must accept it for you to purchase the property. In fact, if there are other buyers interested in the property, you may not get the home even if you offer the listed price if the seller decides the other offer is what they are looking for. 

That’s why it’s so important to work with a good Realtor, who can provide information and experience to help you determine the right offer to submit on a property. 

Once you make an offer, if the seller accepts it, the home is yours. If the seller rejects your offer, it could be because they’ve accepted another buyer’s offer, feel your offer is too low, or have rejected one of your conditions. 

Sometimes, the seller will come back with a counteroffer. If you accept it, congratulations, you’ve bought the property. If you don’t like the counteroffer, you can make a counter-counteroffer! Either way, I am here to help you navigate these terms to help you get your dream home or property.

This back-and-forth negotiation can get a bit tricky, which is another reason to have a good Realtor by your side to help you achieve the results you want.

Looking to buy or sell a home? Give me a call! (705)-309-8636

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