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.
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.
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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