When you write a purchase offer, the back-and-forth between you and the seller begins (typically with real estate agents advising both of you) — and when you are intentional about your number and why, the more successful you’re offer will be.
Following some guidelines from HouseLogic when choosing your purchase offer amount will help:
Know your financial limits and stick well within them.
Get familiar with the real estate lingo (an agent helps tremendously here!)
Have your agent run the comps to see how the list price of the home compares and then take other aspects (like time on market, availability of other similar properties in the area, etc) into account.
Figure out your down payment.
Make an earnest money deposit if you’re truly serious about buying the house.
Many homeowners decide to sell their home without hiring a Realtor. Does listing your home with a real estate agent or listing it as a For Sale By Owner (FSBO) make more sense?
Well, the CALIFORNIA ASSOCIATION OF REALTORS believes that homesellers going the FSBO route will spend more time trying to make a sale, and end up with a lower selling price than if they had used a real estate agent — and they have some statistics to back them up.
Take a look at their infographic below, and if you are selling and would like a Realtor to do the job for you, give me a call! I’m here to help you get your home sold! John A Silva, (619) 890-3648
This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.
Super Clean Home! Come check out Great Country Home, Call NOW to set appt! 619-890-3648
9243 Single Oak Dr | Lakeside, CA
Seller will Entertain Offers between $499900 – $525876
REDUCED! YOUR “Country Road Where YOU Belong” HOME with large corner usable lot in a great area! Awesome relaxing covered patio for entertaining & huge backyard for kids yard games, RV, etc. Resilient vinyl siding, big garage with workspace for hobbies, & rear roll-up door to large covered port & out building. Inside, the ultimate lady or man cave for several uses: library, utility, media/music, video games, etc. This clean home has newer roof, windows, CFA & heat. Enjoy cozy fire on cold nights in or outside!
Location, location! Large premium corner lot on cul-de-sac in popular area of Eastlake! This beautiful home has all the bells & whistles: wide entry, soaring ceilings, 2 fireplaces, separate living, dining, family, & laundry room. Original owner; recent upgrades/remodel in kitchen, bathrooms. Including pavers in big backyard — the perfect spot for family gatherings or relaxing. Best Buy Home: all you have to add is your special touch. Don’t wait till it’s too late — this home run is going, going, gone!
Be cautious of appraisals from Trulia, Redfin and Zillow.
More and more, online appraisals are becoming the way to get a value estimate on your property. Then real estate agents who are desperate for listings, will agree to over-price the listing to appease the seller, due to these online appraisals being overpriced. This typically only ends in an expired listing — or worse: sell the property below value, after reducing the price several times while the days on market pile up! Due to upgrades and repairs that can cause values to vary, a physical inspection of the property by an Realtor/agent or appraiser is necessary.
To always get the right value, all you have to do is call an experienced Real Estate Agent and or appraiser to get an estimated value closer to what the home will actually sell for — resulting in selling for top-dollar.
I am here to help you — call me now: John A Silva, 619-890-3648. 26+ Years Experience & a San Diego Native.