The first rule in negotiating a real estate offer is to do your homework in advance of signing a contract to buy a residential property. Working with a knowledgeable and experienced real estate agent will cost you little or nothing and can save you a great deal of money. In most areas of the country, existing and new home inventories are high levels and may represent from 6 months to over 1 year of supply.
There are basically 3 types of sellers; those that can or are willing to wait for the market to rebound regardless of whether they have realistically priced their home or not; those that have a strong desire to sell regardless of their rationale but can walk away from an offer; and those that are bound to sell due to whatever reasons they have for selling.
Start with having your real estate agent find out all the pricing history available for a given property. This will include all previous sales to the extent public information is available. Determine if possible what the seller paid when purchasing the property and the years and/or months of ownership. Assuming an MLS (Multiple Listing System) property, find out what the original asking price was and how it compared to comparable values at the time of listing. Determine what if any price changes have been made with the listing. Ask your real estate agent to do a history search not only on the specific MLS listing number but on the address as well to determine what other MLS listing numbers were assigned to the property. Done correctly, this will give you the full property pricing history and a very important foundation and first step in developing your offer strategy.
Please comeback later in the week for Part II – Formulating the Initial Offer
Popular St Augustine Communities. The links below will provide active MLS listings for various price points for The Preserve, a condominium community. All listings are represented by various brokers and agents and are provided as a courtesy to our website visitors. Some of the listing reports may include up to 30 listings depending so they may take several minutes to load depending on the speed of the internet connection you have. Please be patient.
The Preserve - Homes Priced to $175,000
The Preserve - Homes Priced from $175,000 and Above
If you would like more information on any of these homes or wish to schedule a viewing, please email us or call us directly on 904.461.4668.
carollorenc@watsonrealtycorp.com
Popular St Augustine Communities. The links below will provide active MLS listings for various price points for Seagrove. All listings are represented by various brokers and agents and are provided as a courtesy to our website visitors. Some of the listing reports may include up to 30 listings depending so they may take several minutes to load depending on the speed of the internet connection you have. Please be patient.
Seagrove - Homes Priced to $500,000
Seagrove - Homes Priced from $500,000 and up
Popular St Augustine Florida Oceanfront Condo Communities. The links below will provide active MLS listings for various price points for oceanfront condos. All listings are represented by various brokers and agents and are provided as a courtesy to our website visitors. Some of the listing reports may include up to 30 listings depending so they may take several minutes to load depending on the speed of the internet connection you have. Please be patient.
Oceanfront Condos from $500,000 and Under
Oceanfront Condos from $500,000 to $600,000
Oceanfront Condos from $600,000 to $700,000
Oceanfront Condos from $700,000 to $800,000
Oceanfront Condos from $800,000 and Above