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Writing an Offer

Writing an Offer on a Lehi Utah Home

When you are trying to make an offer on a home in Lehi Utah, it is always a good idea to find out as much as you can about the reasons behind the seller’s decision to sell it.  Like a detective you need to discover the reasons behind the sale.  Before making an offer to buy a home in Lehi, Utah be sure to consult with your Realtor when writing an offer on a home.

This will help you in negotiating the best price. Sometimes it is not very easy to get this information because most listing agents would not be willing to tell you about it. However, the listing agents are not the only sources that you can ask. You can utilize other ways to help you gather important information that will help you make the best offer that you can for the home that you want in Lehi, UT.

Determine the Market in Lehi Utah

The market for homes in Lehi can vary from time to time so it is important for you determine the type of market that is prevailing during the time that you make your offer. Writing an offer and getting the seller to accept the offer in writing is an important when putting the home under contract.

The market can either be a seller’s market, a buyer’s market or a neutral market.  If you are currently on a seller’s market, you will have to make the best offer that you can.  Currently the Lehi market is very hot.  It is changing from a buyers market to a neutral market.

Sellers usually receive multiple offers in a seller’s market so it is important that you make an offer that will stand out from the others.  On the other hand, if you are in a buyer’s market, you can be a bit thriftier.  Sellers are usually hard up in getting offers at this time thus they are much more receptive to any offers that they receive.  You might even be the only offer that they get on their property in Lehi, Utah so you have a good chance of getting it even if you don’t give the best offer that you can afford.  Check with your Lehi Realtor at the time you make your offer for current market conditions. 

writing an offer

Examine Comparable Homes in Lehi Utah

Looking at how much other homes in Lehi Utah have sold is a great way to determine your own offer.  It is very important though that you only look at homes that are similar to the one you want to buy in terms of location, size, age, and configuration.  Furthermore, look only at homes that have been recently sold in Lehi, UT.  Do not look at those that have been sold longer than six months prior to your offer because the appraisers of homes do not look at those either.  The market can really change in six months.  If you would like a free evaluation on the home you are buying contact Team Teasdale Realty. If you have questions about writing an offer let us know.

Determine the DOM of the home for sale in Lehi Utah

DOM stands for “Days on Market”.  This is the number of days that the home in Lehi, UT that you are interested in buying has been listed.  Obviously, the longer the home has been on the market, the bigger that chance that the seller is motivated to sell.  To go around this, some listing agents remove a property that has been on the market for quite some time out of the listings.  They then post them again and it will be seen as a new listing in Lehi Utah.  So if you see that the home you have your eye on has just been recently posted don’t immediately assume that it is a new listing.  Try to find out if it has been relisted before.  A Realtor can simply look on the Wasatch Front Multiple Listing Service to determine if the listing is really a new listing or not.

Even after you have done all that you can to find the information that you need to make an offer on a home in Lehi Utah, try to not get too attached to it before you finally own it.  Often times sellers will give a counter offer so you must prepare yourself for this.  But if you want to make sure you get that house, just call Team Teasdale Realty.  Paul has been selling homes in Lehi since 1995. Writing an offer on a home can be tricky. Feel free to call Paul, he will answers your questions about writing an offer.

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