Making an offer on Boston Real Estate

You’ve found the perfect piece of Boston real estate.  Now it’s time to make an offer.  Making an offer on a home can be intimidating, but if you are sure of yourself and take the appropriate steps in preparation, the process should go smoothly.  Here are tips to help you get your ideal home for as little as possible:

Don’t make too low of an offer

You know you want the house for as cheap as possible.  They know you want the house for as cheap as possible.  Still, leading with too low of an offer could backfire.  The seller might be offended and refuse to negotiate with you.  Make sure the offer is low, but within a range of what the house will feasibly see for in order to avoid insulting the seller.  Low balling can color the entire negotiation process and make it much more difficult.

Learn the house and neighborhood

Learn as much as you possibly can about the house and neighborhood.  How old is the roof?  How good is the local school district?  Are there any loud neighbors?  Has the home ever had a termite infestation?  Has the neighborhood experienced criminal activity recently?  These are all factors you can bring up when negotiating.  Also, knowing the house and neighborhood allows you to find similar houses nearby for comparison.  

Figure out your seller

Has the house been on the market for months, or was it just listed last week?  The longer it has been on the market, the more eager your seller will be to sell.  Does the seller live in the house, or is it sitting empty?  Has the seller moved far away because of a job transfer?  Then he might accept a lower offer.  Find out as much as you can and factor the information in when formulating your offers.  Be aware, however, that the seller is probably doing the same thing with you!

Hopefully these tips help you get the right price for that perfect piece of Boston Real Estate.  If you have any questions or comments, do not hesitate to contact me.

  Michael Feldman

Keller Williams Realty-Boston Metro
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