The Offer

The Portland Regional Multiple Listing Service has developed forms that are appropriate for real estate transactions in our area.  These documents include numerous sale conditions and their wording should be carefully reviewed to assure that they reflect the terms you want to offer.  At 2Portlandhomes.com we can explain the general contracting process in our area as well as our role.

While much attention is spent on offering prices, a proposal to buy includes both the price and terms.  In some cases, terms can represent thousands of dollars in additional value for buyers — or additional costs.  Terms are extremely important and should be carefully reviewed.

How much?

You sometimes hear that the amount of your offer should be x percent below the seller’s asking price or y percent less than you’re really willing to pay. In practice, the offer depends on the basic laws of supply and demand: If many buyers are competing for homes, then sellers will likely get full-price offers and sometimes even more. If demand is weak, then offers below the asking price may be in order.

How to make an offer?

In a typical situation, you will complete an offer that the Broker will present to the owner and the owner’s representative.  The owner, in turn, may accept the offer, reject it or make a counter-offer.