How Much Do We Offer on The Home We Want?

Searching for a new home is an exciting time and

once you find that prefect house to make your home, you may be unsure about how much to offer on the house.  Often times if you really want the home and if the local housing market is moving quickly you may want to make a full price offer providing it is a realistic price.  Your Realtor(R) can advise you in this area.  We cannot tell you how much to offer, but we can advise you on the market conditions and what comparable homes have sold for.

I give you what is called a quick cma. This is a less flashy Comparative Market Analysis that only shows you the statistics of what has sold and what is currently under contract.  This quick cma will give you a snapshot of the local market and what the maximum, average and minimum sales prices have been in the last 3-6 months.  We will be cautious to not go back further than 6 months since the market in our area of New Port Richey & Trinity Florida is increasing and if we look at data that is too old, your offer may be inferior to another persons offer and you may not get the house.  Ideally, I will show you local real estate market activity for the last 3 months. This is something that any real estate agent should be doing for you when you are thinking about how much to offer on a home. 

One important aspect of the Comparative Market

Analysis (commonly referred to as a CMA) is the days on market of the homes in the report.  Generally speaking, a home that has been on the sales market for a longer period of time than other homes will most likely sell for less money than other homes in the neighborhood. Looking at the days on market can help you decide how much to offer on the home you like.  I always meet with you for a consultation to go over the data in the reports so you can make an informed decision on how much to offer. My job as your real estate professional is to make sure you get the home you want at a fair price and I take that part of my job very seriously. 

When a homeowner lists their home for sale, they also review a Comparative Market Analysis to evaluate the right asking price for their home. The report they see will be almost identical to the one you see provided both Realtors(R) prepared there reports properly. This is why I say that often times you may want to make a full price offer to be sure you get the home that you want.  The seller has most likely priced the home in a fair price range based on the CMA.  Our local Real Estate market in New Port Richey and Trinity Florida is a sellers market and with that variable added to the equation your ability to make a lower offer or a low-ball offer (thats a super low offer) may not get you the home.  Recently I had buyers who balked at list prices of homes and every one of those houses went under contract and sold. Listen to the information that your real estate agent is giving you.  Don't lose out on the house! Contact Me online anytime for more information about how much to offer on a home or home much you should ask when selling your home in Port Richey, New Port Richey or Trinity Florida.