Selling your Corpus Christi home? Get a free home value report
Buying a Corpus Christi home? Search all homes for sale
Buying a Corpus Christi home? Search all homes for sale
Today I’m joined by Joaquin Granados, our lead home buyer specialist. We’re going to discuss this common question from our buyers: “How much should I offer on that home?”
There are many different variables for you to consider before you make an offer on a property. First of all, you have to consider supply and demand. How many buyers are looking for homes in the same price point as you are? The foot traffic for the neighborhood in that price point is going to be a determining factor for how much you should offer.
The condition of the property is also important. Does the home need upgrades? Does it need repairs to major structural components of the property? Pay special attention to the roof and the foundation, as any issues there could cost you a lot of money down the road.
“
FIND OUT HOW LONG THE HOME HAS BEEN ON THE MARKET BEFORE MAKING AN OFFER.
”
You should also consider the size of the property. Is it the biggest home on the block? Is there enough functional square footage for you and your family?
Days on market is another important variable. Has the property been on the market for days, weeks, months, a year, or more? The buyer should know this information before making an offer.
Closing cost concessions are also important. Do you want the best price on the home or the best terms? If price is especially important to you, past sales are a great indicator of how much the property is worth. Looking at past sales ensures that you are not overpaying for the property.
As you can see, making an offer is a lot more difficult than just throwing out a number. There are many variables for you and your agent to go over. If you have any questions for us, give us a call or send us an email. Joaquin and I would be happy to help you!
