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Step 6: Making an Offer Michigan

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

Local Companies

Able Mortgage Group
313-340-1090
18984 Livernois Ave
Detroit, MI
Amstar Mortgage Corp
313-420-0223
950 Marston St
Detroit, MI
Bretlin Home Mortgage
313-864-0963
7631 W Mcnichols RD
Detroit, MI
First Mortgage Fund
313-872-6242
2843 E Grand Blvd
Detroit, MI
Sagetips LLC
231 759 1229
2380 Estes Street
Muskegon, MI
Todd Strobel CMPS
616-464-4400
2828 Kraft Ave SE
Grand Rapids, MI
American Mortgage Centers
517-586-4030
5840 Sterling Drive
Howell, MI
American Mortgage Centers
517-586-4030
5840 Sterling Drive
Howell, MI
Infinity Mortgage
313-245-9931
11175 Balfour RD
Detroit, MI
American Nationwide Mortgage Company
231-421-3200
104 South Union Street
Traverse City, MI

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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

Able Mortgage Group

313-340-1090
18984 Livernois Ave
Detroit, MI
Read more about Step 6: Making an Offer

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