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Making an Initial Offer on Palm Beach Real Estate-

I recently had a potential Buyer ask me if I thought that they should offer more or less then the listing price on a Home.

I was pretty surprised by that - Buyers ALWAYS go low, Sellers go high and you wind up somewhere in the middle. That's almost an oversimplification, but with all of the low-ball offers that I've seen lately, I never thought anyone would ever ask that question!

I don't care if you've found the Palm Beach real estate that you've always dreamed about - you should always offer less then the listing price and then negotiate from there.

The trick comes in when you wonder "How much lower should I go?".

There's certainly no hard and fast rule - you and I would be taking several things into account once we've found the Home that you want:

Is this the Palm Beach home you HAVE to have, or are you just looking for a bargain?
What is the condition of the house?
We'll look at the most recent comparable sales.
I'll show you the pricing history on that property.
Are you paying cash - or if you are going to need a mortgage, how much of a home loan can you get?

Click here to continue--->

Marc J Blasi

Realtor® - Luxury Homes FL - A Thomas Real Estate Company

Mortgage Broker - Knightlines Mortgage Services, LLC

(561)-282-7406 Cell

(561)-282-3330 Office & Fax

Marc@LuxuryHomesFL.com

www.PalmBeachRealEstateAndLoans.com

Posted by PGA National, BallenIsles, Mirasol - Marc Blasi on 11/30/2007 05:12 PM

Comments (5)

palm beach, real estate, initial offers

This post has been included in Florida Information Palm Beach County, FL Information
Post is included in group: Luxury Homes in Florida - Listings
Post is included in group: Palm Beach Gardens Real Estate

5 Comments on Making an Initial Offer on Palm Beach Real Estate-

I had one of those "searching for the white rabbit" home buyers. They're looking for something that doesn't exist. Fortunately, I know my car can't get there.

11/30/2007 06:17 PM

by Chris Elizabeth Griffith ~ Bonita Springs Fl Real Estate (Keller Williams Elite Realty, Bonita Springs, FL)

The buyers who asked if they should offer more or less must not be listening to real estate news. It would seem every buyer I see is going LOW BALL!

11/30/2007 07:13 PM

by Fran Gatti - Crescent City CA Real Estate (RE/MAX Coastal Redwoods)

Marc, finding the right initial offer to make can be tricky. You don't want to pay more for the house than what you could have gotten it for, but at the same time you don't want to insult the Seller either. That is when I think that Buyers need to follow the lead of their Realtor and hopefully have selected a professional that knows what they are doing.

11/30/2007 08:22 PM

by George Souto (McCue Mortgage Co.)

Marc, I think you forgot one very important item.... Deal with a Professional Realtor (like yourself) who knows the market and will help guide you.

11/30/2007 08:58 PM

by My Favorite Mortgage.net - Matthew J Blum

Chris- I just got another one today...

Fran- Low is one thing, but I've been seeing some CRAZY stuff....

George - Yeah it's an art, certainly not a science.

Matt- good point! I just couldn't come right out and say it!

12/01/2007 07:12 PM

by PGA National, BallenIsles, Mirasol - Marc Blasi (Leibowitz Realty / Knightlines Mortgage)

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Real Estate Agent: PGA National, BallenIsles, Mirasol - Marc Blasi (Leibowitz Realty / Knightlines Mortgage)

PGA National, BallenIsles, Mirasol - Marc Blasi
Palm Beach Gardens, FL
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