Know the important things to consider before buying a Candlewood Lake and Lake Lillinonah property for sale.

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

By Deborah Laemmerhirt | September 8, 2015

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

 

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.

Know the important things to consider before buying a Candlewood Lake and Lake Lillinonah property for sale.

1. How much did the seller pay for the home?

  1. 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. 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.

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.

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.

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.

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.

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. 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.

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

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.


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About Deborah Laemmerhirt

Let me assist you in finding everything you need to know about buying or selling a home! As the preeminent real estate professional in my community, I am dedicated to providing the finest service available while breaking new ground. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That’s why I constantly research the home, market and estate values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative marketing techniques to attract potential buyers. As an Internet-savvy real estate representative in Connecticut, I’ve had the opportunity to help many home buyers find their ideal homes and many sellers obtain top dollar for their homes. Buying or selling a home is one of the largest financial transactions that most people ever undertake, so I will help you through every step of the process. My goal is to make your home selling or buying experience as easy and enjoyable as possible. My services include: Explaining the home selling and buying process thoroughly Diligently selecting homes that meets your criteria Pricing your home correctly and implementing a unique yet proven marketing plan Negotiating on your behalf Tracking the closing process to ensure a smooth transaction I welcome the opportunity to address any questions you might have about buying, selling or current market conditions. Please call or e-mail me any time, and I will be happy to discuss your next steps in the buying or selling process. I specialize in both Residential and Commercial Properties. I also head a Real Estate Group to provide you with expert service and support. Areas of Expertise Making transitions in your life is challenging. You may be moving from out of town, a different state, internationally or just next door! Regardless of the distance I am prepared to respond to your unique needs.If you are a BUYER looking to downsize, up-size, want a new construction, desire a condominium, to invest, even if this is your first home, I will design a unique plan to fulfill your needs in a reasonable time frame, with the best negotiated price and the least amount of inconvenience.For my Home Sellers, I have an innovative marketing plan that will leave nothing to chance. Just call, and I would be happy to share the DIFFERENT and SUCCESSFUL TOOLS I utilize on each of my listings. I have lived in Connecticut for over 35 years. I practice Real Estate in Fairfield County, New Haven County and Litchfield County. This includes, but is not limited to Bethel, Bridgewater, Brookfield, Danbury, Harwinton, Kent, Litchfield, New Fairfield, New Milford, Newtown, Oxford, Ridgefield, Redding, Roxbury, Sherman, Southbury, Warren, Washington, Westport and Wilton.