Updated: Tuesday, May 22, 2012
Knowing the right amount to offer a seller is essential to getting the North Florida home of dreams at a price that is not a nightmare. When you prepare an offer, you already know the seller’s asking price, but what should you offer and how do you determine that figure? Settling on an offer price is a three step process. First, you look at recent sales of similar properties to come up with a price range. Then, you analyze things like the condition of the home, improvements made to the property, current market conditions, and the circumstances of the seller. This will help you determine a price you think would be fair. Finally, adjust your fair price and come up with what you want to put in your offer.