You are in the market to buy a home but when the right one comes along, are you prepared to make an offer?

Your real estate professional knows what you are looking for in a house and will do the research to show you homes that fit your criteria.   "If the property is worth visiting, it's worth serious consideration from an offer point of view." writes P.J. Wade of Realty Times. So you need to be ready to make an offer, even if this is the very first house you've seen.

Wade offers these tips for being prepared to make an offer and avoid delays:

• Financing: Make sure you have been pre-approved.
• Advisors: Arrange with your friends or family to "come immediately" if you want their advice.
• Experience It: Don't be shy! "Take as long as possible to get to know a property since you may not be back until the day you move in." offers Wade. Walk the whole house, every room and all outdoor areas. Look out windows to see who can look in. Open every closet, cabinet and built-in.
• Your Stuff: Measure your big furnishings ahead of time to make sure they will fit.
• Get to Know the Area: "No property is an island," says Wade. "Drive and walk the block and neighborhood to see what positives and negatives exist."
• Get the Details: Establish upfront with your agent what cost details you want to know before you make an offer. "Costs, including utility records, condominium fees, increase history, and property taxes." suggests Wade. "Copies of receipts and permits for major renovations and repairs are essential to ensure quality of workmanship and insurability. If you intend to operate a home-based business, the agent will know what zoning bylaw is relevant."
• Be Realistic: "Take a reality check and stop looking for your dream home," says Wade. You will deal with disappointments and compromises. "If the house has been made-over or staged, a multitude of unpleasant realities may be waiting below a coat of paint." warns Wade. "Get excited about ownership, but stick to your budget."

Pack a "property viewing kit" that you take with you to all viewings.  Make sure you bring a camera, a tape measure (and measurements of your big furniture) and something to take notes on, as well as a copy of the listing where you can note what you want to include in the offer.

Read the Full Story at RealtyTimes.com

photo credit: MyTudut

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