The Art of Making an Offer

If you're the typical buyer, you may be nervous about making an offer on a home.

Sit back and relax. There's nothing to worry about!

An experienced Bahamas real estate agent will be able to navigate the process for you.

While some terms and conditions may be attached to an offer to buy a home, the real issue, of course, is price.

Your offer may be below the asking price, or even less than the price you are actually prepared to pay. However, the seller hopefully will understand the realities of the market instead of latching on to an irrational idea of what he “needs” to net out of the sale.

When buyers compete, sellers hope to see full-price offers. However, when real estate inventories are high and demand is lower, an offer below asking price could be in order.

Typically, your offer will be presented to your Bahamas Real Estate Association agent, who will then approach the seller on your behalf. The seller may accept or reject the offer, but it's quite common for him/her to reply with a counter-offer.

Since it's often not a simple Yes or No answer, it is absolutely critical for you to stay in close contact with your real estate agent, so that negotiation is handled smoothly and in a timely manner.

Also, remember that a counter-offer is not a rejection. As long as the offer is on the table, you can often negotiate your way to Yes!

* Your leading Bahamas real estate source.