A Good House Warrants A Good Offer
You've seen many houses and finally find, what you feel is, THE ONE. It's clean. It's solid. Has the largest rooms out of all the over-priced homes you've seen so far. This house has everything you want and have been waiting for. It already feels like home to you.
You decide it's time to make an offer. You base this offer on the fact you want to extend the kitchen. In your mind it's going to cost you at least $20,000 because you want all the bells and whistles. You want to offer $30,000 less because of the "huge" expense to remodel the kitchen to YOUR liking.
Not going to happen. The seller, is not going to take it and probably won't even counter. Why? Because the seller has a smart real estate agent. He or she found plenty of comparable homes to show the seller before putting the house on the market. The seller and agent know the home is already priced right.
Now, you are thinking, "but it's a buyer's market!" Yes, it is. That means that there are more homes on the market than going off (selling). It doesn't always mean you'll find the one you've been waiting for right away either.
To put it simply, if you want a steal, buy a foreclosure. A good house warrants a good offer, not a steal!
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