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AMY: When you're thinking about what to offer on a house - you found the house, you love
it, you want to buy it, how do we figure out what a good offer is? A lot of homework goes
into that. I can help you determine what's going on in the market, where that house is
priced. Does it make sense for what the current market conditions are showing us and telling
us? Is it priced too high or is it priced right? And then from there, making the best
offer you can so the seller wants to work with you.
STEPHANIE: You want the offer to be clean, you want to ask for the important things.
You don't want to nit-pick on the offer. You don't want to give the listing agent too many
things to counter you back at if you're going to be in a multiple offer situation or if
it's a very competitive situation. Whenever I write an offer, I give the agent - the listing
agent - everything that they need, so they want to pick my offer. I will include verification
of funds via bank statement from my client, verification of a credit report of my client,
and a written pre-approval letter and I usually ask my client - or I help them - write a letter
about themselves.
AMY: You don't want to go in so low that the seller's just not even going to communicate,
and that will happen if you go too low.
MARIO: Don't insult people with your offers. Your offers need to be realistic and they
need to be somewhat beneficial for the seller. Because the moment you come in with a low-ball
offer people lose respect for you.
KRYSTEL: They're going to look at you and laugh.
MARIO: And it's hard to gain respect of a seller back once you've thrown in an offer
like that. They stop taking you seriously.