LBI New Jersey Real Estate Offers
Long Beach Island Real Estate Offers Long Beach Island Real Estate Offers Long Beach Island Real Estate Offers
Long Beach Island Real Estate Offers
After finding the right home for sale on Long Beach Island and understanding your financing options , it is time to make an offer. An offer will be made either by a 1 page off sheet or a full sales contract. In either case, the offer is made to show your interest in the property an outline the terms through which you would like to purchase the home. This step essentially is your first impression to the seller and formalizes the process needed to purchase the property. It is best to make an offer in line with the current market to appear serious but low enough so as to not appear eager for a home on Long Beach Island.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
Making an Offer in the LBI New Jersey Real Estate Market
The offer is not a legally binding contract and is more or less a written expression of your interest. Regardless of how do your offer is made, there are a few items that should be in every offer to purchase. They are:
- Price: The price should be in line with the current market. Offering too low or too high can demonstrate a lack of understanding in the LBI real estate market and could hurt your ability to successfully negotiate.
- Terms: While the price is important, so are the terms. Terms can include things like a mortgage or a cash deal, accepting the property “as is”, etc. The terms can often be the deciding factor in a multiple bid situation, especially when the offers are close to one another.
- Initial Deposit: While somewhat outdated in the LBI real estate market, the custom is to accompany an offer with an earnest money deposit. This is usually $1,000 and is refundable. It is intended to show a degree of seriousness when making an offer.
How you decide to structure your offer can have a great impact on the overall deal and how successful the negotiation will be. In short, you want to appear serious but not desperate.
Buying in the Long Beach Island Real Estate Market
When buying a home in the Long Beach Island real estate market understanding the current trends and educating yourself can make the process go much better. Home sales have been strong but activity varies from area to area on LBI. Before making any offer on any home in Long Beach Island real estate market, you should have a firm understanding of the current market trends, what similar homes have sold for, and the number of active listings on the market. If you have any questions about this LBI Real Estate Attorney Information about buying, selling or investing in the LBI real estate market please do not hesitate to contact me.
By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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