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Path to Purchase Step 9

Making An Offer

You’ve found a great property. It's in a good neighborhood and your profit margins look large enough. Now it’s time to make an offer! Your offer doesn’t need to be the exact asking price, but should be cognizant of factors such as how hot the local market is, how many offers you expect the seller to receive, and more importantly, what will be the highest price you’re willing to entertain in order to ensure a profitable transaction.

Resources in this step:

Education Forums Books

Education

Learn the basics

Low-Ball Offers Without Offending the Seller

By now, you should know how much the property is worth, whether or not there is a lot of work needed to fix it up, and a rough estimate of how much that work will cost. You should also factor in what type of financing you’re bringing to the table, as many sellers may prefer cash over loans.

Forums

Consult the community

step 9 making offers
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Books

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Step 8 Inspecting the Property Step 10 Negotiating Purchase Price