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Step 6: Making an Offer New Jersey

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

Local Companies

Charter Mortgage Bank
(973) 353-6216
1 Gateway Ctr
Newark, NJ

Eastwest Mortgage
(201) 209-6406
1 Exchange Pl
Jersey City, NJ

OPTISCORE, LLC
917 8868832
45 RIVER DRIVE SOUTH
JERSEY CITY, NJ

Intercounty Mortgage
908-208-0431
3400 Highway 35
Hazlet, NJ

Quest Consultants
609-677-9858
3105 Jasmine Court
Mays Landing, NJ

Mortgage First Direct
973-763-4000 ex 24
1923 Springfield Ave
Maplewood, NJ

Heritage Mortgage Bank Corp. 2
(973) 539-9878
25 Lindsley Drive
Morristown, NJ

Heritage Mortgage Bank Corp. 1
(732) 485-7105
333 River Street
Hoboken, NJ

Excelsior Mortgage LLC
856-218-7506
432 Ganttown Road, Suite 104
Sewell, NJ

U S Mortgage Corp
(973) 491-0048
120 Van Buren St
Newark, NJ

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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

Charter Mortgage Bank

(973) 353-6216
1 Gateway Ctr
Newark, NJ

Read more about Step 6: Making an Offer

- Step 3: Mortgage Pre-Approval New Jersey

Getting pre-approved by a lender before shopping for a home helps you in two ways.

- Step 9: Home Inspection and Appraisal New Jersey
- Step 8: Locking in Your Rate and Points New Jersey
- Step 4: Reviewing and Negotiating Home Sale Offers New Jersey
- Negotiating the Best Price New Jersey
- How much should you offer for that home? New Jersey
- Top 10 Things Not to Do When Making an Offer on a Home New Jersey
- Home purchase offer: Breaking the contract New Jersey
- How to Find an Apartment After Foreclosure New Jersey
- Checklist: Making an Offer New Jersey

Regional Articles

- Negotiating the Best Price New Jersey

It takes a keen understanding of the home-buying process to be good at negotiating. Be sure you have it down before you make any offers on homes

- How to Find an Apartment After Foreclosure New Jersey
- Checklist: Making an Offer New Jersey
- Home purchase offer: Breaking the contract New Jersey
- How much should you offer for that home? New Jersey
- Top 10 Things Not to Do When Making an Offer on a Home New Jersey
- Step 8: Locking in Your Rate and Points New Jersey
- Step 3: Mortgage Pre-Approval New Jersey
- Step 4: Reviewing and Negotiating Home Sale Offers New Jersey
- Step 9: Home Inspection and Appraisal New Jersey

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Dates: 10/22/2009 - 10/22/2009
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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