Luckily, there are plenty of ways to make your offer as strong as possible. When making an offer on a property, prepare for the fact you may have to increase it. If you have any concerns about a multi-offer process you are part of, you can speak to the supervising agent or branch manager about your concerns. We made a "verbal" offer on a house and my agent called the broker to tell them the offer. Homebuyers often want to make an offer on a new listing that comes on the market on the Friday before the scheduled Sunday open house. But you can’t just make an offer of 20 percent off the asking price and expect success, said Lucas Machado, who is president of House Heroes LLC and has completed nearly 100 real estate transactions in three years. Already have … Often, a buyer will make an offer to purchase a house contingent upon the sale of his property. Last year, working with a different realtor, I was told that I couldn't view a house because there was an offer on it. However, that's not going to mean much if you don't have the cash for a down payment. If you are a buyer in a multi-offer process, you need to put your best offer forward because you may not have another opportunity to increase your offer. There might be space for your list within the offer to purchase. Buyers worry that another buyer will fall in love with the home on Sunday, maybe more than one buyer, and there could be multiple offers.Too much competition and the buyer may lose their dream home. Enter the contingency offer, also known as an offer with a catch. Expert reveals how to make an offer on a property to ENSURE it is accepted BUYING a property is not easy, with no guarantee a seller will choose you over another potential buyer - … But I have seen some homes currently listed for sale in my area that really appeal to me. How long your offer is good depends on what’s customary in your area and how hot the market is. not advertised any more. When you decide to sell your home, you can look at as many offers as you want. 20 minutes later my agent got a phone call that someone else was interested in making an offer and that he told the other potential buyers that there was already an offer(our offer) and it was for full price of the house.... Is that illegal to tell them our offer price? While such offers were almost unknown during the housing boom, they've become common again as the housing market has cooled off. But if they do it’ll stop someone sneaking in a higher offer and swiping the house from under your nose. Better yet, ask a real estate agent, because many agents believe a house needs work if the house is not updated. You figure it's overpriced—and you might be right. If you forgo a house inspection, you run the risk of finding expensive defects after you’ve already taken ownership of the place and you’ll have no choice but to foot the bill to fix them. If the house is still on the market but under offer it probably means that an offer has been made that is under the advertised price and the buyer will accept a higher offer if one is made. For example, if the home has been sitting on the market for a while, or you’re in a buyer’s market where supply exceeds demand, the seller may be willing to accept an offer that’s below the list price. You can make an offer on someone elses house without your being on the market but the vendor's estate agent will ask you if you have sold your own home to assess how likely it is that you wil be able to go through with your offer. My husband and I put an offer on a house. Maybe you've been house-hunting for weeks and you notice that one home has been for sale for almost six months without any offers. We'll describe here how this will all play out. It's legally binding, so you may want to have a lawyer review it first. This compulsion is with good reason.