What Happens Before I Make an Offer in Real Estate?

What Happens Before I Make an Offer in Real Estate?

  • Faber Real Estate Team
  • 11/23/23

What Happens Before I Make an Offer in Real Estate?

Are you ready to take the exciting step of making an offer on your dream home? Before you dive into the process, there are a few important steps you should consider. At Faber Real Estate Team, we're here to guide you through the journey, always committed to being The Key To Your Dreams ®. Let's take a closer look at what happens before you make that crucial offer.

1. Review Comparable Sales: ๐Ÿก

Before making an offer, it's essential to understand the market value of the property. Take some time to review comparable sales, which are similar homes that have sold within a half-mile to a mile radius in the last six months. This will give you a better idea of the property's fair market value and help you determine an appropriate offer price.

2. Read Seller's Disclosures and Inspection Reports: ๐Ÿ“

Knowledge is power in the real estate world. Dive into the seller's disclosures and any inspection reports available. This information can reveal important details about the condition of the property, any known issues, and potential repairs or improvements that may be needed. Being well-informed will allow you to make an offer with confidence.

3. Verify Insurability: ๐Ÿ ๐Ÿ”‘

In today's real estate landscape, insurability is a significant concern. You'll want to ensure that you can obtain insurance for the property and that you're comfortable with the pricing. This step is crucial, as it can affect your ongoing homeownership costs. Discuss insurance options with your agent to make an informed decision.

Before making an offer, make sure you've covered these three important steps. At Faber Real Estate Team \ Compass, we're here to provide you with the guidance and support you need throughout the process. Remember, we're committed to being The Key To Your Dreams ®

Your dream home is within reach, and we're here to help you every step of the way. Get in touch with us today to start your real estate journey! ๐Ÿก๐Ÿ”‘ 

 

Faber Real Estate Team \ Compass
The Key to Your Dreams ®
Ben Faber DRE #01913767
[email protected]
www.faberrealestateteam.com
@faberrealestateteam
๐Ÿค™๐Ÿฝ 415.686.4980

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