As soon as you have found your dream home. The real estate market is constantly buzzing with activity and hence you should never take things too lightly. If you really like a particular house, do not ‘sleep on it’ but go ahead and make a decent offer before someone else does. Act quickly or else you might regret your casualness later on.
When making an offer, there are a few things that you should consider. Firstly, make sure the asking price of the home is in line with the current market rate for similar homes. Secondly, you should determine whether you will have to spend a substantial amount of money on repairs. You can also enquire on how long the home has been on the market. If it has been on sale for a while, the seller might settle for a lower price. Considering all these factors, make an offer that is as close as possible to the asking price. There is always scope for negotiations in a real estate deal. But make the offer at the earliest before the opportunity slips away.