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Step 6: Making an Offer Connecticut

Once you've found the right home, the next step is to make an offer to the seller.

Local Companies

SETTLERS MORTGAGE COMPANY LLC
(203) 227-2422
Evergreen Parkway
Westport, CT

A STRAIGHT TO THE POINT FINANCING
(203) 576-6877
242 GODDARD AVENUE
BRIDGEPORT, CT

Founders Home Capital Corporation
860-667-1321
75 Johnson St
Newington, CT

William Pitt Sotheby's International Realty
203-245-6700
670 Boston Post Road
Madison, CT

WPI
860-656-7671
Silas Dean Hwy
Wethersfield, CT

Joanna Martin/Coldwell Banker
203-453-4477
226 East Main Street
Branford, CT

North Atlantic Mortgage Corp.
877-794-5363
1011 High Ridge Road
Stamford, CT

Scholastic Mortgage
203-453-5555
96 Broad Street
Guilford, CT

Wells Fargo Home Mortgage
203-458-0140
125 Water Street
Guilford, CT

Coldwell Banker Coast & Country
203 458-4100
1250 Boston Post Road
Guilford, CT

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This can be a nerve wracking step in the home buying process, especially since you stand to spend a great deal of money and there is a chance that the seller will reject your offer. Here a few things to keep in mind when making an offer on a home.

You Don’t Have to Offer the Asking Price

Remember, an asking price is just that. Work with your real estate agent to choose the right price for your first offer. Some things to consider: what other homes in the area are selling for, the condition of the home, and how long the home has been on the market.

A home that needs considerable repairs and updates or one that has been on the market for a long time may warrant making an offer that is lower than the seller’s asking price. But if the house is in excellent condition and has gotten a great deal of attention from other buyers, it might mean that your offer should stick closer to the asking price, or even be higher.

Keep in Mind Your Bargaining Chips

Remember that price isn’t everything. Getting preapproved for your mortgage, not having a sale contingency and being flexible on the closing date can all make your offer more attractive. Contingencies can also include home repairs and leaving major appliances. There may be other parts of the contract that are important to the seller; being flexible will help you. The easier you make the deal for the seller, the better change you have of having your offer accepted.

Put it in Writing

Once you and the seller have agreed on an offer, make sure everything is in writing, even things that may not seem important. Perhaps you asked the seller to include drapes or bookshelves. To ensure those items are included in the deal, put them in the contract.

Published on January 20, 2007

Read full article at realestate.com

Featured Local Company

SETTLERS MORTGAGE COMPANY LLC

(203) 227-2422
Evergreen Parkway
Westport, CT

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- Step 8: Locking in Your Rate and Points Connecticut

Since weeks, and sometimes months, can go by between having your offer accepted and closing on your new home, it's a good idea to lock in your interest rate and points.

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Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History