You're Now Reading:
Making An Offer
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Making An Offer
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Making An Offer
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates
Making An Offer 2017-09-25T22:25:16+00:00

Whew! Are you still with me? Hopefully your house-hunting resulted in some fruitful results. But before you rush into an offer you can’t refuse, take several hours to compare the properties you’ve seen against market conditions, comparable properties, your Wish List and your Check List. These are the building blocks of your buying decision and, later, your offer. Let’s go over the things you need to know before you approach any homeowner with an offer:

1. Prioritize. By now you have visited enough homes to know that many of them just don’t fit your wants or your needs. Grab your Wish List and the Check List’s from the remaining homes that you are considering and take the time to compare them until you find the home with the qualities that best match your priorities.

2. Market Conditions. By now the subject should have came up with your sales agent, or you’ve probably heard it on the television or from reading a newspaper, but gaining a knowledge of current market conditions is essential. Home prices always reflect market dynamics; for example, if the current market is referred to as a “seller’s market” that would indicate that there are generally more buyer’s than there are seller’s which results in higher market prices and less negotiating room especially when seller’s have multiple bids on their homes, sometimes resulting in the buyer paying more than the asking price. When the market is referred to as a “buyer’s market” that would indicate that there are more homes for sell than there are buyer’s. This of course benefits the buyer because it gives them more choices and generally allows for a more negotiable price. One note here: During a buyer’s market you can generally take more time to ponder your decision because homes have a tendency to sit on the market longer, however, in a seller’s market you usually don’t have much time to make a decision because homes are selling so fast. If you want to avoid “Ya snooze, ya lose” a quick decision may have to be made. That house you looked at yesterday that was close to what you wanted and you liked so well was probably viewed the same way by everyone else who saw it too! The first to the well gets the water.

3. How much to offer. Without an idea of what similar homes in the area you’re interested in are currently selling for or have recently sold for, you’re pretty much blind as to what a fair offer would be. Your Realtor can prepare a Comparative Market Analysis (CMA) report for you in a relatively short time providing you with the tools to make one of the most important decisions you may ever make. One that could save you thousands!!!

4. The offer. Once you have chosen the home you want, have reviewed the CMA, and decided on what you feel is a fair price, you can now write an offer that will be presented to the agent representing the home seller who will then present it to his client. The offer will also need to be accompanied by a good faith deposit which your sales agent can advise you on. The offer should include any contingencies i.e. an extended escrow period or a carpeting allowance, basically any condition that you want written into the contract. Of course the home seller has the right to counter your offer if they feel that it was not adequate enough and if they do you can revise your offer and try again until both parties have reached agreement. Then it’s time to close the deal.

Next:

Closing the Deal and Going to Escrow

Related Articles:

Is Your Financial House in Order?

Get Qualified

Make a Wish List

Make a Checklist

Go House-Hunting

Is My Agent Looking Out for my Best Interests?

Closing the Deal and Going to Escrow

Planning and Organizing Your Next Move

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates
Making An Offer 2017-09-25T22:25:16+00:00

Whew! Are you still with me? Hopefully your house-hunting resulted in some fruitful results. But before you rush into an offer you can’t refuse, take several hours to compare the properties you’ve seen against market conditions, comparable properties, your Wish List and your Check List. These are the building blocks of your buying decision and, later, your offer. Let’s go over the things you need to know before you approach any homeowner with an offer:

1. Prioritize. By now you have visited enough homes to know that many of them just don’t fit your wants or your needs. Grab your Wish List and the Check List’s from the remaining homes that you are considering and take the time to compare them until you find the home with the qualities that best match your priorities.

2. Market Conditions. By now the subject should have came up with your sales agent, or you’ve probably heard it on the television or from reading a newspaper, but gaining a knowledge of current market conditions is essential. Home prices always reflect market dynamics; for example, if the current market is referred to as a “seller’s market” that would indicate that there are generally more buyer’s than there are seller’s which results in higher market prices and less negotiating room especially when seller’s have multiple bids on their homes, sometimes resulting in the buyer paying more than the asking price. When the market is referred to as a “buyer’s market” that would indicate that there are more homes for sell than there are buyer’s. This of course benefits the buyer because it gives them more choices and generally allows for a more negotiable price. One note here: During a buyer’s market you can generally take more time to ponder your decision because homes have a tendency to sit on the market longer, however, in a seller’s market you usually don’t have much time to make a decision because homes are selling so fast. If you want to avoid “Ya snooze, ya lose” a quick decision may have to be made. That house you looked at yesterday that was close to what you wanted and you liked so well was probably viewed the same way by everyone else who saw it too! The first to the well gets the water.

3. How much to offer. Without an idea of what similar homes in the area you’re interested in are currently selling for or have recently sold for, you’re pretty much blind as to what a fair offer would be. Your Realtor can prepare a Comparative Market Analysis (CMA) report for you in a relatively short time providing you with the tools to make one of the most important decisions you may ever make. One that could save you thousands!!!

4. The offer. Once you have chosen the home you want, have reviewed the CMA, and decided on what you feel is a fair price, you can now write an offer that will be presented to the agent representing the home seller who will then present it to his client. The offer will also need to be accompanied by a good faith deposit which your sales agent can advise you on. The offer should include any contingencies i.e. an extended escrow period or a carpeting allowance, basically any condition that you want written into the contract. Of course the home seller has the right to counter your offer if they feel that it was not adequate enough and if they do you can revise your offer and try again until both parties have reached agreement. Then it’s time to close the deal.

Next:

Closing the Deal and Going to Escrow

Related Articles:

Is Your Financial House in Order?

Get Qualified

Make a Wish List

Make a Checklist

Go House-Hunting

Is My Agent Looking Out for my Best Interests?

Closing the Deal and Going to Escrow

Planning and Organizing Your Next Move

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Making An Offer 2017-09-25T22:25:16+00:00

Whew! Are you still with me? Hopefully your house-hunting resulted in some fruitful results. But before you rush into an offer you can’t refuse, take several hours to compare the properties you’ve seen against market conditions, comparable properties, your Wish List and your Check List. These are the building blocks of your buying decision and, later, your offer. Let’s go over the things you need to know before you approach any homeowner with an offer:

1. Prioritize. By now you have visited enough homes to know that many of them just don’t fit your wants or your needs. Grab your Wish List and the Check List’s from the remaining homes that you are considering and take the time to compare them until you find the home with the qualities that best match your priorities.

2. Market Conditions. By now the subject should have came up with your sales agent, or you’ve probably heard it on the television or from reading a newspaper, but gaining a knowledge of current market conditions is essential. Home prices always reflect market dynamics; for example, if the current market is referred to as a “seller’s market” that would indicate that there are generally more buyer’s than there are seller’s which results in higher market prices and less negotiating room especially when seller’s have multiple bids on their homes, sometimes resulting in the buyer paying more than the asking price. When the market is referred to as a “buyer’s market” that would indicate that there are more homes for sell than there are buyer’s. This of course benefits the buyer because it gives them more choices and generally allows for a more negotiable price. One note here: During a buyer’s market you can generally take more time to ponder your decision because homes have a tendency to sit on the market longer, however, in a seller’s market you usually don’t have much time to make a decision because homes are selling so fast. If you want to avoid “Ya snooze, ya lose” a quick decision may have to be made. That house you looked at yesterday that was close to what you wanted and you liked so well was probably viewed the same way by everyone else who saw it too! The first to the well gets the water.

3. How much to offer. Without an idea of what similar homes in the area you’re interested in are currently selling for or have recently sold for, you’re pretty much blind as to what a fair offer would be. Your Realtor can prepare a Comparative Market Analysis (CMA) report for you in a relatively short time providing you with the tools to make one of the most important decisions you may ever make. One that could save you thousands!!!

4. The offer. Once you have chosen the home you want, have reviewed the CMA, and decided on what you feel is a fair price, you can now write an offer that will be presented to the agent representing the home seller who will then present it to his client. The offer will also need to be accompanied by a good faith deposit which your sales agent can advise you on. The offer should include any contingencies i.e. an extended escrow period or a carpeting allowance, basically any condition that you want written into the contract. Of course the home seller has the right to counter your offer if they feel that it was not adequate enough and if they do you can revise your offer and try again until both parties have reached agreement. Then it’s time to close the deal.

Next:

Closing the Deal and Going to Escrow

Related Articles:

Is Your Financial House in Order?

Get Qualified

Make a Wish List

Make a Checklist

Go House-Hunting

Is My Agent Looking Out for my Best Interests?

Closing the Deal and Going to Escrow

Planning and Organizing Your Next Move

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
LOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.