Ok, buyers you have found that perfect house and want to make an offer. Here is a great tip when making an offer: Price, isn’t everything!
Offering to purchase a property is a delicate balance on what the offer consists of – not just the price but other elements too. Too many potential buyers fixate on price. However, it is important not to – Sellers as well as buyers have to strike up a balance – this is negotiation!
After all, with now being the time to buy in Malibu!
Aside from price there are several other componants which make up the offer which should be considered before making an offer (if you are a buyer) or accepting an offer (if you are a seller) here are some to get you started:
1. Closing Date - Do you need to move now, next month or next week? This is important as the opposing party in the transaction will also have ideas of when they want to move.
2. Inclusions and Exclusions – Is the property furnished? Unfurnished? Does it come with the stove and refrigerator? This is an important element as a home which is unfurnished or needs appliances for its kitchen will cost money to purchase those items as opposed to a home which offers them as part of the deal.
3. Terms and Conditions – Are you worried about a home inspection and there is no clause for that? Talk to your agent and ask how you could get out of the contract if it is not right for you and other clauses you might want to include.
Ultimately it is all about how comfortable you feel. It starts with pricing but doesn’t end there! Of course we are always here to help with Malibu Real Estate.
If you are interested in purchasing a property or selling a property in Malibu, Pacific Palisades or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 or via her online contact form on her website.
Subscribe to our blog using our RSS feed. (Click here!)
Judy Kunisaki – CA DRE license 00963582
