Negotiating A Home Purchase in Florida
The real estate market is today a buyer’s market as there is more supply than demand, which means some motivated sellers. However, this doesn’t imply that you can place just any bid for your home. Once you select a home, you need to do your homework so that you know how much you must quote for the house and place bids.
It’s a good idea to approach a local realtor to find out what the market rate is for homes in that locality, and also find out how long the house has been put up for sale. Some homes may sit on the market for months or even years. Usually the longer the house has been on the market, the more flexible the seller will be to offers.
It’s common practice to start with a price that’s 5% less than the asking price and start making negotiations. Don’t listen to your emotions while placing bids; listen to your brain and think logically. The last thing you want to happen here is letting your emotions play and take control while negotiating a home purchase in Florida. The goal is to get the house of your dreams, at the price of your dreams, and not a cent more.
You have to make negotiations based on your budget and research, and remember that there are more homes on the market if the seller is not willing to negotiate with you. You can always move on to the next house and give your offer.
If you need help with the necessary research for making negotiations, then you can turn to us at Moreira Team for help. We have the necessary contacts to find out all you need to know about the house you want to buy in Florida. We will not only help with your research, but we will also help make negotiations so that you don’t end up spending too much for your home.
Florida County Mortgage Service Areas