1.
Top 3 Questions to Ask
before Making an Offer
on a Candlewood Lake
Home

2.
There are many things that you have to consider
before jumping into the home buying process.
Before you make an offer, you need to ask
yourself important and relevant questions to
avoid costly mistakes. If you are still undecided in
your house hunting for Candlewood Lake and
Lake Lillinonah properties, these three questions
will help you make an offer with confidence.

3.
1. How much did the seller pay for the home?
It is always a good idea to ask this question
even if the original purchase price may have
nothing to do with the present value of the
Candlewood Lake real estate. Asking this
question will help you to negotiate a better
deal.

4.
For instance, if the seller bought the home five
years ago and there has been no significant change
in the real estate market, the price should not be
too far off from the original price. Also, you can ask
if there have been any recent home updates on
their Candlewood Lake or Lake Lillinonah home.
This will help you understand if there is any
increase in value, besides the market influences.

5.
2. What kind of market am I in?
Basically, there are three kinds of markets.
Knowing which one you are in will help you
make a better decision before making an offer
on a home. A good real estate agent will assist
you in determining market condition, home
inventory and other pertinent circumstances
affecting your decision.

6.
a. In a seller’s market, the seller has the
advantage because there are more
homebuyers than there are homes for
sale. Usually, prices often increase
because more buyers compete for fewer
homes. Many homes also do not stay on
the market for too long.

7.
b. In a buyer’s market, there are more
people needing to sell than looking to
buy. Properties may stay on the market
for months. Buyers have the advantage
because sellers are more willing to
consider below-asking-price offers.

8.
c. In a neutral market, neither the seller
nor the buyer has an advantage. The
number of homes for sale balances with
the number of buyers looking for homes.
Both buyer and seller are on equal
standing and most homes get sold within
a couple of days or weeks.

9.
3. How flexible is the seller on the asking price?
You need to know if the seller is flexible with the
asking price because you run the risk of offending
the seller with a lowball offer. Insulting the seller
might even make you lose your chance at the
house. You can ask this question to the seller’s
agent or have your real estate agent ask the
question.

10.
Make sure to keep it in terms of "how
flexible are they on the price?" instead
of "how much less will they take?" Not
every seller will be willing to bargain so
make sure to get a feel of the situation
before making an offer on the
Candlewood Lake home.

11.
Before you make that offer, be sure to
answer these three questions so that
you can get a good deal. Visit http:
//www.CandlewoodLakeCTRealEstate.com
today to see the latest listings in
Candlewood Lake.

12.
If you want to work with a real estate
professional who can assist you in buying or
selling Candlewood Lake homes, call me,
Deborah Laemmerhirt, at (203)
994-4297. I have the knowledge,
expertise, and tools to help you close that
deal.