Before you make an offer, give us a call!
After months of searching for a new house to buy with your realtor, you’ve finally found what you are looking for. The house or office building has everything you need for your business, your financial goals, and more. The hunt is over! Now you just have to make an offer to the seller. However, before you do that, consider the following things to make sure you don’t make a mistake and to give yourself more confidence that you are making the right decision.
Want professional guidance or help making the right financing decision? Get help today by contacting Teviston Capital Group!
#1: Research
Is the local real estate market hot or cold? If the market is hot, you will need to make a more competitive offer and you will have less bargaining power.
#2: Compare
Understand the value of the property by comparing it to similar properties in the area that have recently sold.
#3: Check
How many days has the property been on the market? If it’s been a while, there is usually a good reason for that. Go back to point one here and make sure you understand what you are getting into.
#4: Prepare
Be informed about what the tax, insurance, and utility cost situation will be with your new commercial property. Research everything and crunch the numbers as concretely and accurately as possible. The more information you have, the more comfortable you will be with what you offer. You will know what is too high and what is worth it for you.
Have any unanswered questions about making a real estate offer or would like to learn more about your financing options? Teviston Capital Group can help. Contact us today for free, no obligation real estate investing and loan information.
