Looking For A Bargain?
Once of the most commonly asked questions that I receive when representing a buyer is “How much should we offer?”
I understand that many buyers are looking for the best deal out there and there are two factors in today’s market to consider before making an offer on the house that you really like.
- When did the sellers purchaser purchase the home and at what price did they pay for it?
This question is important, because Myrtle Beach Real Estate prices are currently back to 2004-2005, and they seller might not be able to come off of the price of the home much. If you are a bargain shopper with your Real Estate transaction, you might want to consider something that the seller has owned for at least 5 years. Chances are that you won’t find the bargain that you are looking for in the Carolina Forest Area in less the seller is willing to take a loss or I can find you a foreclosure.
- How are the other properties in the same neighborhood priced, and/or what did the last one sell for?
This question is really important in today’s market because many seller have already discounted their homes to be the lowest priced in the neighborhood, or better yet, they have discounted the house lower than the last one sold for. In this situation, you want to be very careful not to insult the seller with a ridiculous offer. If the house is already discounted, we probably shouldn’t offer them any less that 90% of the asking price. In this situation, we want to have the seller take some money off the asking price, but we don’t want to insult them to the point that they just reject us.
With these things in mind, I feel that there are great bargains to be had whether you are searching for a primary residence, second home or a rental property. Call me at 843-267-4627 if you have any questions about this matter. I am a certified “Accredited Buyer’s Representative” and would love to help negotiate your next Real Estate Transaction!