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Once you've toured a few houses with your agent, eventually you may find a promising prospect. Don't let emotion go too much to your head; there are some important points to consider before making an offer.
Take a second look
The simplest is to go back for a second look. A house that seems idyllic on a Sunday morning may be dark and dreary on Monday evening. Ask about the neighbours. Are they considerate? Are there any buildings or other things in the area that could be turnoffs (a noisy high school down the street, bars or other attractions that could make street parking difficult on weekends)?
Look closely for things you might have missed the first time: the roof, the general state of repair, the size of the rooms. If you're still serious, consider a house inspection, which can cost as much as $250 or more, but will tell you in exacting detail what work needs to be done. (The cost of repairs uncovered by an inspection can sometimes be negotiated between buyer and seller.)
Meanwhile, your agent should investigate the prices of comparable properties on the street and help you come up with a reasonable offer. Assuming there are no other offers in play, there may be a bit of bargaining between buyer and seller before a price that's acceptable to both is reached and the final offer is accepted.
Congratulations! The home is yours!
Read more in Homes and Real Estate
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