It is best to submit a purchase offer only after you've researched everything about your probable home purchase. Submitting an offer to the seller is not the end of the home buying process. You may have to negotiate for the home's final price if the seller rejects your initial offer.

Studying the contract in detail and having a back-up plan are just two ways to prepare for the negotiation process. Barron's 'Consumer's Guide to Home Buying' explains that it is best to be prepared for price nego...