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Once the excitement of looking at homes on the market leads you to the house of your dreams, reality kicks in. You need to make an offer; and hope that the seller will accept it. According to the National Association of Realtors, over 6 million homes a year are sold in the United States. But the reality is that there are a lot of counter offers and refusals before the sale is made. Here are a few of the things a homebuyer needs to know before making offers on homes on the market.

What Can I Offer for Homes on the Market?

First time buyers of homes always want to know the magic formula for making an offer on a house. While you may hear that sellers price 10% higher than they are willing to accept, the reality is a bit more complicated. The price a seller is willing to accept will depend on the housing market at the time, the length of time the specific home has been for sale, and the reasons for selling. For instance, in the current buyer’s market, you might assume that low offers on homes are expected. However, it’s also possible that the seller already feels that he or she has under-priced the house for that reason.

Knowing the reason that the homes you like are for sale can be really helpful in deciding what to offer. A family who is relocating, or has already purchased a new house, will have a lot more incentive to sell quickly and to negotiate than those without time constraints for selling their homes.

What Should I Include in the Offer?

When making offers on homes, you should be as specific as possible. Don’t assume that things like appliances are included, unless that is part of your offer. Offers on homes may include furniture, fixtures and appliances. Of course, the seller has the right to refuse or make a counter offer. But anything from built-in shelves, curtains, or the sofa may be included in your offers on homes for sale. This is an area that may lead to counter offers as both sides work out what is acceptable.

Expect Inspections on Homes for Sale

If you are buying, insist on being present for any home inspections that take place. Follow the inspector around and ask questions to make sure you are making an offer on a house that is structurally sound. Inspections on homes for sale are a must.

What Happens Next?

Once you have eliminated other homes on the market and are ready to make an offer, the paperwork begins. Usually, your realtor will take your offer to the buyer or the buyer’s agent. Then they will decide to accept, reject, or make a counter offer based on your proposal. If you have a professional realtor who has established a good working relationship with the buyers, that person will be able to smooth over any issues. If your offer is eventually accepted, you will move onto the legal process involved in buying homes.

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John Harris is a researcher and writer on real estate topics such as economics, credit improvement tips, home selling advice and home buying preparations. For more information please visit San Diego Real Estate Agents [http://hubpages.com/hub/San_Diego_Real_Estate_Agents]

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http://EzineArticles.com/?expert=J_Harris

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I hope you’ve been enjoying my posts lately. I thought I might do something different today and rustle up a few bits of info from around the WWW. These are some of the news items and blog posts that have been popular over the last few weeks. Leave me your thoughts.

Homes for Sale in Courtenay City, Courtenay, British Columbia $61000

542.00 sq. ft. Homes for sale in Courtenay City Courtenay, British Columbia. For sale at $61000.0000 CAD. 1300 Riverside Lane, Courtenay City MLS 295786.

Homes for Sale in North Campbell River, campbell river, British …

2150.00 sq. ft. Homes for sale in North Campbell River campbell river, British Columbia. For sale at $459000.0000 CAD. 330 Legacy Drive, North Campbell River MLS 295703.

Homes for Sale in Lake Cowichan, British Columbia $359900

2200.00 sq. ft. Homes for sale in Lake Cowichan Lake Cowichan, British Columbia. For sale at $359900.0000 CAD. 196 Johel Road, Lake Cowichan MLS 295623.

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

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In these series of Vancouver neighbourhood guides we’re taking a look at each part, talking about its history, characteristics and future development. The first place in the series belongs to Cambie, once considered the heart of Vancouver.

South Cambie is considered one of the smallest neighbourhoods in Vancouver, housing just over 7000 people on 217 hectares of land. It’s well known for it’s characteristic villagey feel, attracting a young pool of active professionals with families. The neighbourhood was named after a CPR engineer Henry Cambie, who was in charge of the railway’s wester division in the nineteenth century.

South Cambie is located between Queen Elizabeth park (a former pit mine) and Little Mountain. Its bordered by Oak Street on west, Cambie Street on the east and the West 16th & 41st Avenues on the north, respectively south.

The architectural style of the neighbourhood is varied. Most houses in the area are detached houses built before the seventies, heritage homes, divided houses with rental units, walk-up apartments and condominiums.

The first settler in this area was an experienced gold miner named William Mackie. He claimed himself over sixty hectares of land around a former elk pasture. The place in question today is known as Douglas Park on West 22nd Avenue. Jeremiah Rogers, the next known setller, is credited as one of the first users of mechanized loggin equipment and for building the road to the top of Little Mountain, the highest place in Vancouver offering a full 360 degree view on its surroundings. Complete development of the area finished in the early 1940′s.

South Cambie is known for its abundance of medical facilities including Shaughnessy Hospital, BC Children’s Hospital and the BC Women’s Hospital and Health Centre. They are well known by having the reputation of being the best in the province.

The most notable recent event which influences both the future appearance and characteristics of the neighbourhood is the construction of the Canada Line rapid transportation system. The Canada Line will connect Vancouver with Richmond and runs through the entire lenght of Cambie street. The area will benefit from a complete reconstruction – amongst improved street geometry which will include corner bulges at key intersections and bike lanes for some portions of the street, there will be better sidewalks, new pedestrian lightning street, street furniture and there will be place for public art as well.

Jay Banks has been an accomplished Vancouver BC real estate expert since 1991. For more information on Cambie real estate and other great articles, visit his website http://www.jaybanks.ca

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http://EzineArticles.com/?expert=Jay_Banks

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