How Do I Determine The Initial Offer?

Unless you have a buyer’s agent, remember that the agent works for the seller. Make a point of asking him or her to keep your discussions and information confidential. Listen to your real estate agents advice, but follow your own instincts on deciding a fair price. Calculating your offer should involve several factors: What homes sell for in the area, the homes condition, how long it’s been on the market, financing terms, and the idea of what the home is worth and what you can afford. And, be prepared for give-and-take negotiation, which is very common when buying a home. The buyer and seller may often go back and forth until they can agree on a price.