Offer Process

So you think you've found your new home…the next step is to make an offer! Every market is different, but if you've found the right one, it's best not to wait. You'll work with your real estate agent to submit an offer, and they'll work with you to determine the best price for the home.

 

Some things to consider when determining an offer amount:

  • How long has the home been on the market and its current condition?
  • What's the current market like? When rates are lower, more buyers are apt to make an offer and, possibly, submit higher bids.
  • Are there any other offers on the property? Multiple offers can influence the price, often pushing it higher.
 

Your agent will also look at the properties in the neighborhood—they’ll pull “comps” or “comparables” of recently sold homes to get a feel for the fair market value of the home. Once you and your agent decide on a price, they’ll prepare the contract, present to the selling agent and work to negotiate the offer (if needed).

BEWARE

SCAMS

Learn how to identify and avoid scam artists who promise immediate relief from foreclosure.

FIND OUT MORE

FAQ

ANSWERS

Find the answers to common questions concerning your mortgage and the various options to avoid foreclosure.

FIND OUT MORE

GLOSSARY

TERMS

Visit our glossary of key terms to increase your understanding of the foreclosure options available.

FIND OUT MORE