Once you've found the perfect home, it's time to make an offer.
Research the Property:
Thoroughly research the property you're interested in. As with most markets, house prices are determined by demand so look at what prices similar properties are selling for in the area.
Check the prices of similar houses
See how long homes are on the market
See if they are being sold below the asking price
If similar homes are selling quickly for around the asking price you can tell the areas in high demand and you’ll most likely need to offer something similar. If homes are taking a long time to sell and are being heavily discounted then you have more flexibility.
Contact your Zump assistant to help you through the offer process and provide market comparisons. This will help you determine an appropriate offer price to send to the owner.
Submit the Offer:
Once you’ve decided on your initial offer send it to the owner either through Zump or emails and then the negotiation can begin
Negotiations
When the owner receives an initial offer they can either counter with a higher amount that’s still below they’re asking price, counter with the asking price or reject the offer outright.
Whatever the case, be prepared for negotiations. Work with your Zump assistant to determine your response to counteroffers and always remember to be friendly, polite, calm, and to not to take it personally.