The Contract ~ The Offer

Here are some tips that can help you get the best deal when it’s time to make an offer on a home.   No matter what your strategy is, you should have a very good idea of the home’s the offer imagemarket value before you make an offer

Tips on The offer itself..

What Price to offer:

Should You Have an Appraisal?

You are certainly allowed to do that. The down fall is if your offer doesn’t get accepted you have spent money erroneously. As well, the lender you are using for your mortgage typically will not accept your appraisal. So if you decide to order an appraisal before making the offer, make sure the results will not be shared with others (and keep in mind that opinions from different appraisers will most likely vary).

What about tax values?

Tax valuations are not a good measure of a property’s market value. The general guideline is taxes are based on sales price. Please see my area on Taxes and You for how to calculate your tax base. Ask your local tax assessor for details about your specific area or go to their website.

Take a look at a home’s tax value, but never assume it matches the market value of the property.

Other factors that affect price