Buyers real estate tip of the week in Gainesville Florida!!




Formulating an Offer : You’ve found a home you’d like to buy.

How much should you offer to pay?

To help answer this important question, your buyer’s representative will prepare a detailed Comparative Market
Analysis (CMA) that examines recently-sold properties, active listings, pending sales and expired listings.
Through their Multiple Listing Service (MLS), your agent has access to the most current information on
properties in your area.
From the CMA and your agent’s personal knowledge, you’ll gain insights on the market in general and the
specific property you’re considering—important details that should be factored into your offer. These include:

Market Facts Property Facts
Price of similar properties – both list and sales  prices for similar properties in the area
Property condition – is it in good condition or will  you need to make substantial investments in  repairs?
Price trends – current percentages of list price  compared to sales price
Length of time on the market – a long time on the  market may indicate a slow market, inappropriate
pricing or some inherent problem with the property
Supply and demand – in a high-demand, low-supply  market your offer may be competing with others
Seller’s motivation – a seller under pressure to close a deal may be more receptive than one who  can wait until the “right offer comes along.”
Absorption rate – number of month’s supply of  inventory. Smaller numbers (shorter time frames)
indicate a more competitive market for buyers.

Terms – what terms and contingencies must be  written into the offer?  Terms that make your offer more attractive include an all-cash transaction, pre-approval for financing, quick closing, and few contingencies or seller concessions.
Average time on market – because listings expire  or homes may be re-listed to appear “new” cumulative market time is critical
Property history – previous sales and financing

All of the above needs to be considered before an offer is formulated.

As  always enjoy!

Laura A Goldberg ABR,GRI,SFR,BPOR, SRES, E-pro                                                       abr1.jpg

Classic Properties Realty

Cell/Text  352-327-2997

Fax: 866-591-3002 toll free



I am passionate about Real Estate !!

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