6. Making an Offer through a Realtor

1. Repeat

A: I would like to make an offer on this house, but I don't know much about the process.

B: As your realtor, I am here to take care of this process. How much were you planning on offering?

A: I really like the house and will pay the full asking price of three hundred and fifty thousand dollars.

B: We want to leave ourselves some bargaining room. Let's offer three hundred and twenty thousand dollars.

A: That sounds good, but I don't want this house to get away from me.

B: The market is fairly down right now, so the offer is a realistic one.

A: When will we know if they accept the offer?

B: The owners usually respond to an offer within a few days.

A: Should I be contacting my bank in the meantime?

B: You are already pre-qualified for your loan, so you are in good shape.


2. Repeat


A: I have never bought a house before and don't know how to make an offer.

B: The process of actually making the offer is something that I will take care of for you. What price were you considering offering?

A: I love this house and would be willing to pay the full asking price of three hundred and fifty thousand dollars.

B: Let's leave some room on this offer. I think that three hundred and twenty thousand dollars is a fair offer in this housing market.

A: We could try that, but I really want this house!

B: It is common practice to offer and then have a counter-offer.

A: How long will it take to find out if they are going to accept the offer?

B: The sellers are usually fairly quick to respond. They want to get things moving.

A: Should I tell my bank that I have made an offer?

B: There really isn't anything else to do right now except wait. You are already pre-qualified for your loan.


3. Repeat


A: I have never done this before and don't know where to begin as far as making an offer on this house.

B: Leave the details of making the offer up to me. What were you thinking you should offer?

A: I absolutely must have this house and will pay three hundred and fifty thousand dollars or more.

B: It is best to start a little low on the first bid to allow for a counter-offer. How about offering three hundred and twenty thousand dollars?

A: I hope that the owners aren't insulted by that offer.

B: Your offering price is not out-of-line. The owners will either take it or make a counter-offer.

A: Does it usually take very long for the owners to get back to you with an acceptance?

B: It usually doesn't take very long for owners to respond to an offer.

A: Should I be in touch with my bank to tell them to get the loan papers ready?

B: The only thing you should do now is relax. You already are pre-qualified for your loan.


Practice the Conversations of This Topic with Mike

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