How to Make an Offer on Your First Home

Buyers should always be clear on how to make the best possible offer for a home. When a home is listed, attention is always drawn to the listing price and whether it matches comparable prices in the area. But when a buyer makes a proper offer to buy a home, matching the seller's list price isn't the only concern. In some cases, terms included in the offer can represent thousands of dollars in additional value (or additional costs) for buyers. These terms are important and should be carefully reviewed. Here are some other important items to consider for an offer to buy a home : How much should you offer? Oftentimes, you'll hear the amount of your offer should be a certain percent below the seller's asking price or an amount less than you're really willing to pay. In practice, your offer depends on the basic laws of supply and demand: If multiple buyers are competing for a home, sellers will likely get full-price offers and a house may go for over asking...