Choosing the Price to Offer on a Home

Choosing the price to offer on a home is always a tough decision for buyers. They often expect us to tell them. I always run a market analysis. This shows the fair market value on the subject property. This step gives a buyer the information needed to decide on a price. This article below was written by Elizabeth Weintraub for another publication over a decade ago. It is a quick easy read with great pointers. Enjoy. — JaCi Wallace

Instead of plucking a number out of thin air, there are better ways to figure out how much to offer for a home. Realize that legal issues may prevent your real estate agent from naming a price for you, but your real estate agent can absolutely be instrumental in helping you figure out how much to pay.

In a buyer’s market, you may find these facts to be true:

• Sometimes the price you offer may have little to do with the list price of the home.
• The price you decide to offer may be unrelated to the sales price you will eventually agree upon.
• Sometimes the home is already priced under comparable sales.

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Would you like to hire an experienced real estate team that provides valuable information step-by-step through each milestone of your sale or purchase? If so, call Weintraub & Wallace Realtors with RE/MAX Gold. We are here to provide valuable information to you. 916-233-6759.