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Deciding on an Offer Price for a Lake Mary home for Sale

Wed, Jan 12, 2011 at 12:46AM

Making an offer on a Lake Mary home for sale is obviously going to be a stressful time. Of course prior to putting in an offer for a Lake Mary home for sale you are going to know the price that the seller is asking for. That doesn’t mean that you should offer the buyer the exact price for their Lake Mary home for sale that they are asking for.

Deciding on an offering price for a Lake Mary home for sale is going to be process that takes three steps. The first step is going to be doing some research on other properties that have similar value. After that is done you are going to want to find out information on whether or not there have been improvements to the property of the Lake Mary home for sale that you are interested in. These are all factors that should play a role when it comes to deciding on an offering price for a Lake Mary home for sale.

When deciding on an amount of money to offer for a Lake Mary home for sale it is going to be extremely helpful to look at other recent sales of other homes in the same genre. Doing this is known as “comparable sales”. Comparable sales are homes that were recently sold that are very close to the Lake Mary home for sale that you are considering putting a bid on. When doing comparable sales different variables that you should look at are the square footage of the home, the asking price of the homes, how many bedrooms and bathrooms there are, the size of the garage, how much land the house is on and the type of construction that was used to build the house.

Prior to putting an offer on a Lake Mary home for sale do your research. It is very possible that you may be able to get the house that you want for less then the asking price. It may even be possible that after research is done on Lake Mary homes for sale that you will be able to afford a bigger and better home then you initially thought.

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