What Makes a Good Offer on a House? | Smith Mountain Lake Real Estate | Vicki Millehan

What Makes a Good Offer on a House?

Find out why having an experienced real estate agent makes all the difference.

You’ve found a home that you want to make an offer on, but have no idea where to start. How do you know if the number in your head is a good offer?

This is where working with an experienced realtor truly pays off. Your realtor will look at factors such as the current market condition and the inventory in the area that most similarly matches the home and price range that you’re interested in. They’ll also factor in the length of time the home has been on the market, and whether or not a lot of buyers are competing for this home.

While you should absolutely voice your opinion as to what you believe a fair offer should be, it’s worthwhile to let your realtor’s experience shine. Their knowledge of the current market and inventory will allow them to build a winning offer.