Making An Offer On The Perfect Winnipeg Home

When looking at Winnipeg homes for sale, it’s an special moment when you find the

home that you fall in love with and it is the 'one'.

This is the home you want to make an offer on, but how do

you know what to offer?

Especially in the Winnipeg Real Estate Market where multiple offers are made.

Unfortunately there is no one answer to that question

because there are so many variables that affect the price

the seller will accept.

For example, a comparable house in the same area may have sold for much less than the house you’re wanting to

make an offer on, but there is always reasons for the

difference in price.

It's possible the seller was very motivated to sell fast as

they needed to relocate or they had a home they’ve

purchased didn't want to pay for two mortgages.

Or the house you’re looking at needs very little work to be

done and is in move in condition. There could be

many reasons for price differences.

Using a Buyer's Agent

This is when having the right Buyer’s Agent  (a real estate

agent that works for the buyer) makes all the

difference when looking at Winnipeg homes for sale to

buy.

The Winnipeg real estate agent has already helped you

find the perfect house and now they can help you

purchase it at the best price possible beating out the other

offers.

Your Buyer’s Agent has internet access to information

that can help you make a reasonable offer on the home

you want to purchase.

Your agent can print off a Comparable Market Analysis or CMA for the homes in the

area you are hoping to buy in.

With that information that you can make the right offer.

While each home is priced on its own merits, your agent can

provide insight to recent sales and comparisons as well as the history on the

home. .

This CMA can be an important tool to help you in your

negotiations.

The CMA will provide important information

regarding prices that will help you and your agent to

determine the value of the house that you are interested

making an offer.

The information found in the CMA will determine if the

house is priced at the market value or, if you’re fortunate perhaps you will be able to

pick it up at a bargain price.

If that's the case you should jump at the opportunity.

A CMA will also help you to determine if it's overpriced

and whether you should negotiate the price to make it

a fair deal.

A CMA is only available through a real estate agent as they have access to the MLS.

This makes it important it is to find that Buyer’s Agent that

you connect with and can form a working relationship.

This will not only help you make good decisions in

purchasing a home but in making the right offer that will

be accepted when you’ve found your home.

If there is no offer date and no offers have been made, you

and your agent can figure out what price you should offer to

the seller.

Sometimes the initial offer is all that is needed, while other times the seller will counter-offer or out right reject the

offer if they feel it's unreasonable.

This is when utilizing a Buyer’s Agent works in your favor because they can help

you keep from being emotional and upset about

the counter-offer that sometimes happens when

making an offer on a home.

As with any sale, the buyer wants to pay the least they

can while the seller wants the most they can get.

To make a deal where both the buyer and seller agree on

price can take some negotiating before an agreement is made.

When making an offer the shorter the time period for the

offer to be accepted the better.

The reason a shorter time for acceptance is recommended is that a shorter time reduces the opportunity for the seller

to entertain other offers.

It's important to understand that as the seller they only

have three choices when an offer is made. To either

accept it, counter it or reject it.

If the seller accepts the offer the offer becomes a contract subject to any conditions.

If there are no conditions to be met, in other words a 'clean' offer it is a final

contract that both parties are obligated to fulfill.

When there is a time limit the seller has to decide if they

want to take the chance that they will get a better offer and

either counter the offer or reject it.

Usually they will counter the offer but when they do the

buyer has to accept the counter-offer for it to become

a contract.

The risk is that the counter-offer will not be accepted and the sale the seller might have made is no longer possible

with that buyer.

Obviously part of the equation is the motivation of

the seller. The higher the motivation the more likely the

seller will take the original offer and the better the price

the buyer will pay.

The moral of the story is that when looking at Winnipeg homes for sale, you will

always be farther ahead using a Buyer's Agent aka Winnipeg Real Estate Agent, to help you

find your dream house.

Go to http://winnipeghomesforsale.net