Most buyers are ignorant in terms of how much to offer on a home, so I have assembled 5 simple questions that should be answered before formulating an offer.
I have found that buyers either want me to provide the guidance on what a home is worth, or worse, they think they can just throw out a low number to get the ball rolling.
Nothing could be financially worse for a buyer than failing to ascertain how much to offer on a home, so use these 5 questions and you'll end up with a better deal when buying home.
Understanding How Much To Offer On A Home
New lis pendens filings in Tallahassee fell 17% in February when compared to February 2012, and foreclosures rose 66%.
The decline in new lis pendens filings is a relief, as we had three straight months of growth and were concerned that the market was not seeing progress in the resolution of distressed properties.
The blue line in the graph below shows that 1/2 of all filings are ending up in foreclosure sale, indicating that they are likely being sold as short sales with the approval of the bank.
Tallahassee Foreclosures Filings February 2013
Tallahassee Foreclosures Filings February 28, 2013: This is a list of properties that received a lis pendens filing in Tallahassee, for the week ending 2/28/2013. Most of the properties on this list will eventually show up in our market as short sales or as a foreclosure sale at the Leon County Court House.
|ADAMS PLACE CONDOMINIUMS
||3000 S ADAMS ST
||934 MILLARD ST
Last month we announced the exciting changes being made to our real estate website, and the most exciting of all will be the enhancements to our property search tool.
Our current Property Search Tool is used by more than 800 people each day, making it the most popular way to find homes for sale in Tallahassee.
But we've been listening to feedback on how to make it better, and that is what we're doing!
A Better Property Search Tool
There is an old adage that says
If it ain't broke,...
A common question that we receive from home sellers relates to the structure of a real estate offer and whether or not they should "have to" pay buyer closing costs.
At first blush, why the heck would a home seller agree to pay thousands of dollars on behalf of a buyer, it does not seem fair or right, right?
But when you consider what is really happening, home sellers who are willing to pay buyer closing costs are likely to net more money from the sale of their homes than sellers who do not.
As one of the most active neighborhoods in Tallahassee, the Southwood real estate market is worth watching as its own entity.
There are trends occurring for Southwood real estate that are fairly unique and localized to the homes located in Southwood, but it's a large enough part of the Tallahassee housing market that the impact will be felt throughout Tallahassee.
Currently, there are 47 homes for sale in Southwood in the Tallahassee MLS, and there might be as much as four times that amount growing in the "pent up" supply.
In an effort to embrace efficiency and better customer service, Joe Manausa Real Estate is proud to announce that 100% of our agents are now committed to using Docusign for our electronic signatures.
If you have ever been curious about electronic signatures and how they work, this article serves as an overview of the benefits of contracting on the cloud. We have even included a video to show you how easy it is to use!
And if you are curious about why we have chosen Docusign from all the services available, I can tell you we did our homework before moving the entire company in this direction.
Docusign For Speed, Ease, And Security
I was watching an episode of the Antiques Roadshow this past weekend and I saw numerous lessons on valuation that could be applied to selling a home.
Just as we found in an episode of Pawn Stars (about a purple trike), we can apply principles from other industries to what is needed in real estate.
So many homeowners are confused about real estate valuation that I bet watching a handful of antiques roadshow appraisals would enlighten them on how to do the same for their home.
The Antiques Roadshow Appraisal Process...
If you plan on selling your home this year, I recommend you take some time to learn how to create the leverage that you need in order to negotiate a better price.
With sellers outnumbering buyers in today's real estate market, I often find sellers negotiating from a position of weakness.
This ultimately results in selling a home for a lower price, or altogether failing to sell a home.
Why Leverage Is Needed To Negotiate A Better Price
Leverage is the ability to influence the other side to move closer to one's negotiating position.
Each party’s leverage during a negotiation is the primary factor determining how the transaction will...