What do you do when your home is listed for say, $500,000 and you get an offer for $350,000? Here are my 3 suggestions:
Don’t get offended
Counter back full price
Move on with life
Often, low ballers are a waste of time. And this is why you shouldn’t waste an ounce of energy in getting offended by such offers.
But from time to time, they are legitimately testing waters, or your level of motivation. So my advice is to return the favor and test their motivation to buy by countering full price and wait for their reaction, if any.
Again, since chances are that they are wasting time, after you counter, move on with life and focus on the goal. Selling your home to the right buyer at the right price.
Questions about your home value? Call / text (305) 305 1535 or email me!
The answer is that there is no right answer. There is no “normal” amount or “customary” figure. It all narrows down to your level of motivation to acquire the property. Tipically, stronger contracts tend to offer more deposit, and vice versa. Some other factors to consider when determining an amount:
The other party’s motivation (whom you are negotiating)
Are you competing against other offers?
How long the property’s been on the market?
How strong (or weak) are the other terms in your contract?
Questions about your home value? Call / text (305) 305 1535 or email me!
9 times out of 10, people check their home value on Zillow or Trulia prior to calling a real estate agent. I personally think these sites are great considering they get it right about 50% of the time (when you take into account that an algorithm is trying to determine a very complex ordeal such as the value of a home…props to that).
So why do they miss the mark the other 50% of the time?
I don’t really know, and I doubt anyone else truly knows, but here is my guess. Because they can only see what’s on the outside of the property thru the eye in the sky – aka satellites – and they can only analyze what can be found on public records such as number of beds, number of baths, etc.
The problem here is two-fold.
Often, public records are incorrect
These sites can’t see the interior of your home
Say you added a family room to a property. Or your home was built in 1975, but you have made an update here and there. It’s this lack of accurate information that can distort what’s reported in sites like Zillow.
Questions about your home value? Call / text (305) 305 1535 or email me!
Rotary Golf Classic 2016 was held at the Biltmore Hotel during the month of February. Proceeds raised benefit Miami resident high school students transitioning into college. This event is hosted annually and attracts about 200 golf players that get to enjoy breakfast, an 18 hole game, and an auction-luncheon. We give because I also benefited from these type of funds in order to get my degree in Finance. And I encourage you, in one way or another, to get involved!
FHA VA OK! Two-car garage single family in Garden Hills, no homeowner’s association. New high efficiency AC, accordion hurricane shutters, well sprinklers. Solar powered pool heater/salt system. Tiled flooring/vaulted ceilings throughout entire home. Open living/dining room layout. Expansive kitchen w/ granite counter tops, wood cabinetry, overseeing family area. Master bedroom w/ walk-in closet, walk-in shower, spa-tub. Paved flooring surrounds pool, Jacuzzi, and outdoor kitchenette underneath cabana.
Transaction Type: Seller Representation
Address: 15813 SW 102 LN
City, State and Zip: Kendall, FL 33196
Asking price for sale: $430,000
Short sale or foreclosure: no / no
Type of property: single family home
Living and lot size (sqft): 2,406 / 7,644
Year built: 1997
Beds, full baths and half baths: 4 / 2 / 1
Garage: 2
Water front or access: no / no
Exterior walls and roof: concrete / barrel
Floor and pool: tile and carpet / yes
Heating and cooling: central / central
Sewer: municipal
Got questions on this listing? Call or text me at (305) 305-1535
Monthly Mortgage Payment at 4.5% interest rate, 30-year fixed, and purchase price of $430,000:
Mario Avalos 