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Midtown Tulsa Real Estate - Lori Cain

Tulsa Home Buyers – it’s okay to write a fair and clean offer

Tulsa Home Buyers – it’s okay to write a fair and clean offer

When I am working with Tulsa home buyers, I always tell them that it’s okay to write a fair and clean offer. We’ve shopped and shopped. We’ve seen a lot of ugly houses that looked much better in the internet photos. We’ve seen homes that we thought would be perfect, only to discover that they back up to the BA Expressway or the neighborhood did not meet our expectations. home buyer with heart

Finally, finally, we found the perfect home that met all of our search criteria: midtown location, split bedroom plan, beautiful hardwood floors, updated kitchen, open floor plan, fenced yard, brick exterior and nicely landscaped. The roof is only six years old, and the air conditioning is only ten years old, hot water heater is three years old. The electrical wiring has been updated and the plumbing has as well. The washer and dryer are in the garage, but at least it has a garage.

You both fell in love with the house. After looking for almost six months, we finally found a house that meets your criteria and you both felt at home there. And you’re going to be able to spend Christmas in that home together this year.

Now it’s time to write the offer. I pulled the comps (comparable properties that sold in the neighborhood), and we determine that
(1) the home is priced fairly; and
(2) resale looks promising; and
(3) it’s almost $35,000 below your maximum budget.

So, why write a low-ball offer? We see from the comps that one home in that neighborhood sold in eight days and another sold in four days. This home is fresh on the market, and you don’t want to lose it. Remember that home on 14th Street that we lost because you were going to write an offer after you returned from vacation?

Tulsa Home Buyers – it’s okay to write a fair and clean offer

Take into account that you are asking the Seller to contribute $5,000 towards your closing costs. So, whatever amount you offer – you are really offering $5,000 less.

Don’t make your offer look like a laundry list. Yes, it’s okay to ask for the refrigerator, but let’s skip asking for the washer and dryer. Be conservative about the amount you ask the Seller to pay in repairs, because we know the age and life expectancy of the major components. Let’s ask for the home warranty because you aren’t going to be ready for any unexpected repairs the first year of home ownership.

Let’s write a fair and clean offer. They might just accept it as is, and they did. Give a little love, and you might get some back. Congratulations – you are under contract!!

If you are considering buying a home in the midtown area of Tulsa, give me a call or start your search on my web site. I live in midtown and can help you find the home of your dreams!! 918-852-5036

Content written and published by Lori Cain.

Copyright 2013 Lori Cain All Rights Reserved - Originally Posted at: Midtown Tulsa Real Estate - Lori Cain

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Please visit my web site if you are shopping for Tulsa homes for sale or call 918-852-5036 for more information about Midtown Tulsa Real Estate. In addition to my advanced grasp of the internet to market your Tulsa home for sale, I include a home staging consultation with every listing AND professional photography - at no aditional cost to you!

Lori is a residential Realtor with Chinowth & Cohen Realtors serving the greater Tulsa area and specializing in downtown Tulsa and midtown Tulsa real estate.

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6 commentsLori Cain • November 06 2013 06:52AM
Tulsa Home Buyers – it’s okay to write a fair and clean offer
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