You’re well into your home search and you come across the place that meets most of your needs.
Finally! Yes, home buying is a process. It probably even feels like a full time job! Maybe it took a couple of weeks, maybe a couple of months or even longer to find “the one”. Now it’s time to make an offer on the house of your dreams.
If you’re working with a good, seasoned Realtor, you’re already going to have an idea of what the home you’ve got your heart set on is worth. Your Realtor probably has already shown you a list of “comps”-a list of similar homes in the same general area that have sold recently. But unless you live in the middle of a city or a big town, these comps aren’t perfect. Some will have more or fewer updates, or maybe a finished basement, a pool, etc, etc. etc.
Now what? You know you want to make an offer on the home but the values of the few comps you’ve got in front of you are all over the place! How do you get the house at a price that feels like a “win”? Continue reading ..