Making an Offer on a Home

Making An Offer On a Home


Buying a home is one of the biggest financial investments people make. It's not just about finding a house that checks off all the boxes, but about making an informed decision and negotiating the best possible deal. Before you jump into making an offer on a home, there are some key things to consider. In this blog post, we'll walk you through everything you need to know about making an offer on a home, including the importance of being pre-approved by a lender, questions to ask the seller, and how to evaluate your findings.

Before the offer to purchase is created, it is very important that you have been at least pre-qualified or better yet, pre-approved by a lender. This is one of the best negotiating tools a buyer can have. It shows the seller that you are financially able to purchase the home. Being pre-approved also gives you a clear understanding of what you can afford, so you don't waste time looking at properties that are out of your price range.

When you are buying a home, there are many problems that the seller is obligated to disclose. For example, in most states, it is illegal to withhold information about major physical defects on the property, but these disclosures don't always paint the entire picture of the home. Here are six questions you may want to ask that can offer additional insight about the prospective home before you make a final decision.

1. Why is the seller selling the house? Sometimes, the answer to this question can give you a lot of insight into whether or not the house is a good investment. 

2. How much did the seller pay for the home? This information can give you a sense of the home's appreciation value, and whether or not the seller is likely to accept a lower offer.  However, it is important to remember that the purchase price is influenced by several factors, like the current market value and any improvements the seller may have made to the home. The original purchase price might not have anything to do with the current value of the house.

3. What does the seller like most and least about the property? This can give you a sense of whether or not the things the seller likes about the home are things that are important to you as well. In a few cases, what a seller likes the most about a home might actually be something the buyer is looking to avoid. For example, if the seller describes his house as being in a "happening community," the buyer might consider this a negative factor because the area may be too noisy or busy for their taste.

4. Has the seller had any problems with the home in the past? This can alert you to potential issues, such as pest problems or leaks. When buying a home in Texas, this should all be disclosed by the seller on the Seller's Disclosure notice for your review prior to submitting your offer. 

5. Are there any nuisances in the neighborhood or problematic neighbors? This is important to know because it can impact your quality of life in the property. Such as: noisy neighbors, barking dogs, heavy airplane traffic, or even planned changes to the community. 

6. How are the public schools in the area? Even if you don't have kids, this can impact the value of the home, so it's important to ask.  Because the value of a community is usually greatly influenced by the public schools in the area, finding this out can give you some insight into the quality of the area's schools.


Knowing all you can about a prospective home, not only helps you decide if it's the home of your dreams but what offer to make as well. Your real estate professional can help you get your key questions answered and give you advice on how to evaluate your findings.

Once you have all the information you need about the property, it's time to prepare the offer. Your offer should include not just the price you are willing to pay, but any contingencies, such as a home inspection or financing. You can also include any requests for repairs or updates that you want the seller to make as a condition of the sale.

Buying a home can be exciting, but it's important to make an informed decision. By being pre-approved, asking detailed questions, and evaluating your findings, you can make a strong offer that reflects the value of the property. Remember, your REALTOR® is there to help guide you through the process and ensure that you get the best possible deal on your dream home.

Interested in discussing the home buying process in further details? 
Reach out to our team directly! 

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