“I Found A House That I Want To Buy, What Amount Should I Put An Offer In For?” this is a question that many homebuyers ask when they are looking for a home to purchase. Finding a home is one thing and putting in an offer is another. Knowing how to determine the amount is not easy because you may think the asking price is at a good price when in actuality it may be more than the market value.
There are many factors that come into play when putting in an offer on a home, how old is the home, what is the land value, are there any amenities, is it near the main road, are you in a buyers market or seller’s market? These variables play a huge role when putting in an offer. This is one of the main reasons you need to hire a Real Estate Agent to help you when making these decisions.
C.M.A.- Comparative Market Analysis
One thing that must be done along with those mentioned previously that need to be taken into consideration when you are about to submit an offer is a CMA. Comparative market analysis allows you to view other homes nearby and see how much they are currently being sold for, how much they were sold for and how many have expired etc.
Doing a comparative analysis allows you to see what’s happening in the market in real time for you to make a wise decision when you are about to purchase.
When you hire a Real Estate Agent they have access too all of these tools to help you make a wise decision when purchasing. You may try to do this yourself and realize it’s not as easy as you think.
Summary
When purchasing a home, many things you need to take into play when you are about to buy. Not only that, but purchasing a home is usually one of the biggest investment purchases you will ever make and you really don’t want to do this by chance, you MUSt have a real estate expert on your side.
If you are interested in purchasing or selling real estate and need professional advice, you can reach out to me by direct call or whatsapp via 1-242-565-4758 or you can send me an email at perez@crbahamas.com.
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