Hi, I have been thinking about the Top 10 Questions regarding real estate that I get on a regular basis. Here are my ten and the answer I use for Question #1.
Top 10 Questions:
1) What price should I bid for this house?
2) How much house can I afford?
3) What will be my monthly payments?
4) Where is the best resale (neighborhoods)?
5) What is the process to buy a home?
6) How will listing my home with you be better than with another agent?
7) What websites will you post my home to?
8) Should I renovate/upgrade my current home or buy another home?
9) What payback will I get on my renovation/upgrade?
10) Can you show me this home in an hour???? :-)
Here's my answer for Question #1
As your buyer's agent, I can open the houses easily; in fact any agent can do that. The real value I bring is helping you determine the best price to pay for a home. With that being said, IF a home is fairly priced our local Board of Realtors say that the home will probably sell for between 95 and 97% of the listing price.
I will look at the home you have selected and run some comparables. If the home you select is three bedrooms and 1500 sq ft with 2 baths, I will see what other comparable homes have sold for in the neighborhood to help us get started. We'll need to consider other items too. They include:
1)Are there upgrades in the home that are important to you (i.e. is there stainless steel appliances)
2)Do you want to include some of the personal property in the home (i.e. swingset, appliances, washer/dryer)
3)Are you going to ask the seller to help pay your downpayment or your closing costs?
4)Is this the only house out of 75 that you've seen that you like?
5)Is the home you are looking at vacant?
Questions 4 and 5 play to the motivation of you and seller because that may impact your purchase price. All of these factors go together to help come to the purchase price we will bid for the home.
Do you hear any questions over and over again?
Comments(6)