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Tuesday, January 20, 2009

Purchasing Columbus Home

By Won Kim

The real estate market has certainly become a lot weaker in recent months because of the current financial situation and this has made it ideal for those looking to buy property. Whether you are buying a Columbus home or one anywhere else you need to work out what is the right offer price to put to the seller.

For you to be able to decide just what price you should be offering on a house that you are thinking of purchasing there are certain things that you need to take into consideration. Below we take a look at just what some of these factors are and which you should help you to come up with an offer price that the seller of the house will see as being fair.

Step 1 - You need to actually look at what properties of a similar style have recently been sold for. There are plenty of places online today that allow you to search out such information. However, you shouldn't just go on the price that the property sold for but look at what other factors contributed to the sale.

Homes that have been well cared for or where improvements have been carried out are generally going to sell for more than those that haven't. Also another factor which can seriously influence the price at which a property is sold is its location. So you need to factor these things in to the offer you make.

Step 2 - As well as looking at what similar properties have been sold for recently look also at what other properties are currently being marketed at. Again you need to factor in any features on each property that have influenced the price that the real estate agent is marketing it at.

Step 3 - If you are really keen to put in an offer on a Columbus home or a home anywhere else then arrange for an inspection to be carried out. This way you will be able to identify any issues that may result in you having to spend more money on the property after purchase. But knowing what these are provide you with a bargaining tool when you put in your first initial offer.

Step 4 - Another thing to look at closely when deciding what opening offer you put on a house you wish to buy is how long it has been up for sale. Often properties that have been on the market for any amount of time and especially because of the current financial situation the sellers are willing to negotiate with buyers more. So you may find that you get a much better deal on that Columbus home or a home anywhere else that you are looking to buy.

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