Yesterday I looked at a house that I would love to move into. It is the same layout as the first house I ever made an offer on. The price is right, the layout is right, the cul-de-sac is right, so what is the right offer? Part of me wants to throw down as much money as I have but another part is a little scared that the house won't appraise. I ran into this on another home. I ended up not getting accepted (an all cash offer got it) but the selling agent told my agent that he was a little worried that the house wouldn't appraise for what I offered. I was stunned. Here I was being out bid, now I was told that I was offering too much. I felt like I couldn't win for loosing.
My agent is doing some research to see what a good offer would be so we can put one together. In the meantime, I'm crossing my fingers and toes. Could this be my first home? Can I landscape the cute little yard just so? Will it be as warm and inviting a home as I know I can make it be? We'll see.
Any buyer should ensure that he has the capacity to pay for a house. The seller must be sure that the buyer is qualified in purchasing before approving the offer. Conducting home inspection can also help if in case there are some minor problems in negotiating with the seller.
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