Warren County Ohio Real Estate News and Observations: January 2019

Should I Pay Full Price?

Is that home one you love?We've found a house you like, maybe even LOVE. 

Enough that you want to buy it.

And one of the key questions is "What should I offer?".

"Do I need to pay FULL price?" 

"Less?" 

"More?"

To help make that decision we've got facts:

  • Pricing for similar homes sold
  • Pricing for actively listed homes
  • Typical time to sell and how long this home has been on the market
  • And we probably have some clues about activity too.  How many agent business cards left on the counter?  Other buyers coming and going at the same time as our showing(s)?
  • And another fact to consider, do you have a Choice #2 and/or #3?

And that last piece of info may contribute to your decision.

If we've been looking for months and THIS home is the first that works for you?  And the other indicators are to expect competition from other buyers?  Then it's probably advisable to come with a very strong offer right out of the gate.  Give the seller a reason to accept your offer.

If on the other hand, you've got other choices you'd be just as happy to call home, we can gamble a bit more on how much discount to try for during negotiations. 

There's one big question to ask yourself:
"Will I regret not getting this home if I miss by just a few thousand dollars?"

I've seen it enough times, the regrets of a buyer that says "But I WOULD have paid MORE if I'd have just had a chance!".  You just never know when a seller may get another offer (or more) and decide to outright accept the buyer's offer that was strong from the start. 

It's my job to give you the pros and cons of your offer strategy, then you make the decision.  Choose wisely.

 

Just call 513-520-5305 or email Liz@LizSpear.com and we can discuss how we can best help you!

Serving Greater Cincinnati home buyers and sellers,

Bill of Liz and Bill aka BLiz

 

Serving Warren County Ohio & Adjacent Areas


The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Http://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Comment balloon 7 commentsLiz and Bill Spear • January 28 2019 12:41AM
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