What Happens when you Make an Offer?
If you’re looking for a new washing machine, all you have to do is walk into a store and pay the advertised amount.
When it comes to real estate, though, things aren’t nearly so simple.
Despite the fact that a home normally has a “listed price,” you must make a “offer” on it, which the seller must accept. In fact, even if you offer the quoted amount, you may not be able to purchase the house if there are other bidders interested!
That’s why it’s critical to deal with a knowledgeable real estate agent who can provide you with information and experience to help you make the best offer possible.
If the seller accepts your offer, the house becomes yours. It’s possible that the seller has accepted another buyer’s offer, believes your offer is too low, or has rejected one of your criteria if they reject your offer.
Occasionally, the seller will respond with a counteroffer. Congratulations on purchasing the home if you accept it. You can make a counter-counteroffer if you don’t like the counteroffer. This back-and-forth negotiating can be complicated, which is why you need to have a professional on your side.
A good REALTOR® can aid you to make the right offer for the property you’re interested in buying. For a free valuation, contact us at 401-396-2888. We’re always glad to help!