We are continuing our series of articles discussing common mistakes to avoid when making an offer on a home. Our previous article covered not getting mortgage pre-approval and going it alone without engaging a qualified real estate agent. Today, we’ll look at two more pitfalls to avoid when making an offer as recommended by our Tampa seller agents/Orlando seller agents/South Florida seller agents and buyers agents.
Failing to Shop Comparable Properties
When making an offer on a property, it is essential to have a clear understanding of the local real estate market. Knowing the value of similar properties in the area can help you make a reasonable offer on a home. Research the sale prices of similar homes (size, features, etc.) in the area to get an idea of the home’s fair market value. Your 1% real estate professional at One Percent Guys Full Service Real Estate Pros can provide you with a list of comparable properties to help you make an informed offer and avoid overbidding.
Not Understanding Current Housing Market Trends
Before making an offer on a property, take some time to research the current trends in the housing market. This research can help you determine whether the current market is favorable to buyers or sellers. Keep an eye on interest rates, the unemployment rate, and other economic indicators that have an impact on the housing market.
Our next article will discuss more common mistakes people make when making an offer on a home.
One Percent Guys Full Service Real Estate Pros is the original 1% real estate firm with agents throughout the state of Florida to serve you. Our Orlando seller agents/Tampa seller agents/South Florida seller agents and buyers agents all deal in 1% real estate and are ready to work with you. If you are either buying or selling a home and want to save money, then give One Percent Guys Full Service Real Estate Pros a call today!