Making an Offer — How to Be Smart and Strategic
So you’ve found a home you love, and now it’s time to make an offer. But how do you decide what to offer, and how do you know if it’s the right move? I’m Katy Jones, your local Realtor in Columbus and Delaware, Ohio, and in this post, we’ll break down the art of making a smart, strategic offer.
Timing Is Everything
First, let’s talk about timing. If a house has been on the market for a while, you might have a bit more flexibility to offer below the asking price. But there’s no guarantee the seller will accept it, so it’s important to review what similar homes in the area have sold for recently. We’ll look at comparable sales and consider the condition of this home compared to those. If the house is brand new on the market, the strategy shifts a bit. We’ll need to see if there are other offers or if there’s a chance of a multiple-offer situation. If competition is high and you really want the home, you might need to offer at or even above the list price to stand out.
It’s Not Always a Bargain
Just because a home has been on the market for 30 or 60 days doesn’t automatically mean it’s a bargain. We need to consider all the factors, including the home’s condition, the local market, and how it compares to other listings. Sometimes a home that’s been listed longer still holds its value, and it’s not necessarily an automatic discount.
Understanding the Paperwork
When we’re ready to make an offer, there’s paperwork involved, and I want you to feel completely comfortable with it. I’ll provide you with a video explainer about the purchase contract and any additional paperwork you’ll be signing. If you have any questions, just ask me before signing — it’s important to me that you understand every detail.
Final thought from Katy:
In the end, making an offer is about being informed, strategic, and realistic. I’m here to guide you through the process so you can make confident decisions. I’m Katy Jones with Coldwell Banker Realty, helping you move smarter, live happier, and love where you call home.
I’m Katy Jones, Realtor with Coldwell Banker Realty, serving Columbus and Delaware, Ohio. I help buyers move smarter, live happier, and love where they call home.
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Contact Katy or schedule an appointment
Katy Jones
Coldwell Banker Realty
614-572-6362
Katy.Jones@CBRealty.com
www.BuySellLoveColumbusOhio.com