Just call the listing agent and tell her you want to put in an offer and you don't have a buyers agent. She will represent you and can likely give you very valuable feedback about what a ``competitive'' offer would be.
You could say the home-buying process is as long as a piece of string – it could be anything from six weeks (exceptionally quick), to six months (not unusual) or even longer. But it can help you to understand which are the most time-consuming parts of the process, so that it doesn't drag on more than necessary.
You can always offer 20-50% under asking.
How To Write A Winning Offer For An Investment Property Work With A Real Estate Agent. Do Your Research. Determine Your Maximum Offer. Lead The Offer With Intent. A well-crafted LOI demonstrates your seriousness as a buyer and can set you apart from other potential buyers. Be Flexible With Contingencies.
Requesting a best and final offer is a seller's tactic to try and encourage high offers on a property. The usual process is that an estate agent will advise potential buyers to make their offer by a certain date. This avoids the need for the seller to enter into negotiations with multiple purchasers.
Mortgage rates, while predicted to decline somewhat from their 2023 highs, are still likely to remain elevated in the 6-7% range throughout 2024. This will continue to squeeze buyers' purchasing power. Home prices are expected to remain stable or see modest increases of 3-5% in 2024, as inventory levels remain low .
Typical home prices are projected to fall about 1.8% from November 2024 to November 2025 in the San Francisco metropolitan area — one of the few declines predicted for the largest U.S. regions. The Bay Area could see more homes hit the market this year, which could slightly ease pressure on its sky-high prices.
You can always offer 20-50% under asking.
Address the Seller and Introduce Yourself. If you know the seller's name, use that, but you likely won't know the name of the owner of the home. Detail What Makes the Home Stand Out to You. Find Common Ground. Present Your Offer. Note Any Contingencies You Have. Close with a Friendly Thank You.