how to make a great offer on a property you want to buy? | blog article by discom realty | a central florida real estate agency - seminole and volusia
here are the 8 most common home sale contingencies in florida, how they work, and the typical language used in the contract.
if you’re thinking about putting your house on the market in florida, you might not know where to start. should you use a real estate agent? what should the listing price be? how can you get the best price or sell your house quickly? selling a house is an intense and often stressful process. it involves multiple steps, many of which require expertise - like deciding how to price your house and negotiating the best deal. below, we have put together a guide on selling your house in florida to help you understand the process. based in lithia, eaton realty works with home buyers and sellers throughout hillsborough county. we work collaboratively with our clients to truly understand their needs and to make buying or selling a home as simple and stress-free as possible. reach out today to talk to a member of our real estate team. questions about selling? ask our realtors › 813-672-8022 how to sell your florida house: step-by-step selling your home is a big step! in some cases, you may not have a choice - such as if you get a new job out of state or in another part of florida. you may also choose to put your home on the market for other reasons - like wanting a bigger (or smaller!) house, a home that is more accessible, or to live closer to family. whatever the reason may be, before you start the process, it is a good idea to understand what it entails. below, we have outlined the steps in selling your house in florida. decide how you want to sell your home there are two primary ways for homeowners to sell their house: by using a realtor or selling it themselves. each option has benefits, but for most people, using a tampa real estate agent is usually the best choice. the biggest advantage of listing your house “for sale by owner” is saving money on realtor commissions. paying a commission can take a big chunk out of your profits, so it may make sense for some people to handle the sale on their own. this is particularly true if you have a buyer lined up - such as a friend or neighbor - and don’t have to spend time and money marketing, staging, and attempting to find a buyer. for most people, using a realtor makes more sense. as detailed below, many steps are involved in selling a home - including specific legal requirements that you must meet. a realtor will use their existing networks and platforms to market your home and handle open houses and showings for you. they will also advise you on how to get the most money for your house, help you price it competitively, and ensure that you make the appropriate disclosures and follow florida law. a skilled real estate agent can also help you sell your house for the best price - while minimizing stress. selling a house is a lot of work and can be a burden on those who list “fsbo.” a good agent will know what local buyers want and how to reach them. in hillsborough county, the team at eaton realty will guide you through each step of the process. figure out when to put your home on the market many people don’t necessarily have a choice when deciding when to list their home. but if you do have some flexibility, you may be able to put off listing your home to achieve your goals. the best time to sell your home in florida is spring or summer. historically, you’ll want to list your house in june for the best price. if you want to sell your home fast, list it in may. your tampa real estate agent can advise you of your options and help you decide what is right for you. choose a price for your house one of the most important aspects of selling your home is competitive pricing. if you set a price that is too high, it may sit on the market for months - and you may end up not selling it at all. if you price it too low, you may leave money on the table. before setting a price for your house, either you or your real estate agent should perform a comparative market analysis (cma). a cma will examine all recently sold properties in the area, taking into account each home’s square footage, condition, and any special features like a pool. a real estate agent will likely have software that can perform a highly accurate cma to help you set the best price for your home. prepare your home for listing before you list your house, you should get it ready. depending on your home, you may not need to do much - perhaps some touch-up paint here and there or a thorough cleaning. however, most people will need to consider doing some repairs or replacements and possibly decluttering and organizing. your realtor can inspect your house with you and offer advice on ways to potentially increase the purchase price of your home. for example, spending some money on landscaping can boost curb appeal and might result in a much higher price for your home. they can also help you decide if it makes more sense to take on big repairs, like a new roof, or offer a credit to a prospective buyer. getting a pre-listing inspection is often a good way to see what may need to be fixed on your house - and avoid any surprises when a buyer does an inspection. because a pre-listing inspection may reveal issues that will have to be disclosed to buyers, you should talk to your real estate agent about whether it makes sense based on the age and condition of your house. under florida law, home sellers must disclose certain issues with the property if they are aware of them. preparing your house for the market should include filling out a disclosure form and listing any known problems with major appliances and systems and whether the home suffered previous structural damage. your real estate agent can advise you of what you must disclose. market your home before listing your home, you will need to put in some work to market it appropriately. if you are using a real estate agent, they will do this work for you. marketing your home may include: staging your home with furniture and accessories to show it off and help people imagine living there; drafting a listing description that highlights your home’s best features as well as basic facts like the number of bedrooms and bathrooms; taking photos and videos of your house and property; and posting your listing on various websites. if you use a realtor, they will get your house listed on the mls and other platforms. marketing includes posting your house online and holding open houses and showings. typically, realtors handle both open houses and showings on behalf of clients. they may also host special showings or open houses for fellow agents who may have buyers in mind for your property. receive offers, make counteroffers, and negotiate a deal once your house is on the market, you will likely receive offers. if these offers aren’t for the full listing price, you will probably counter with your own offer. in most cases, the parties go back and forth to negotiate terms until they can reach a deal and sign a purchase agreement. understanding the terms of an offer - such as contingencies - can be challenging. you may also not know what an appropriate counteroffer is, or what you can ask for as part of the deal. common purchase agreement terms include: earnest money, which is the cash that the buyer will pay to put the home under contract. contingencies, which are conditions that have to be met to close the sale. typical contingencies include things like the buyer getting financing and the house passing inspection. disclosures, or any facts about the house that the seller is obligated to reveal to the buyer. fixtures and appliances, which may or may not be included as part of the deal. closing costs, including the anticipated expenses and which party will be responsible for these costs. closing and possession dates your tampa realtor can explain the terms of each offer, help you decide on a counteroffer, and assist you in negotiating the final deal. keep in mind that even after a purchase agreement is signed, the buyer will typically need to get an appraisal from their bank and a home inspection. the appraisal and home inspection results may affect the sale, as the buyers may not qualify for a mortgage if the house doesn’t appraise at or above the purchase price. they may also ask you to make repairs or offer credits for any issues discovered by a home inspection. your realtor can walk you through this process and help you protect your interests. close the deal the final step in any real estate transaction is the closing. this is when the seller officially transfers possession of the home to the buyer. it involves signing many legal documents, and the buyer gives the seller a check in exchange for keys to the house. after the closing, an attorney or title agent will record the sale and manage any remaining legal issues. simplify the home-selling process with eaton realty selling a home involves many steps. while it is possible to sell your florida house by yourself, it requires a level of expertise that many people simply do not have. it also involves a lot of time and energy. if you are selling a home in west central florida, eaton realty can help make the process as easy as possible. eaton realty represents buyers, renters, sellers, and investors on various real estate matters in hillsborough county. we have decades of experience in the tampa region, which we put to use to help our clients get the best possible deal when buying or selling a home. if you’d like to learn more, fill out our online contact form or give us a call at 813-672-8022 to talk to a team member.
cultivating your network: embracing dunbar's number to grow your real estate business
sell your florida home fast and profitably with expert tips on staging, pricing, and marketing to attract serious buyers in today’s market.
reviewing multiple offers can be difficult. use this guide to learn how to handle multiple offers on a house so you can move forward.
whether you are buying a short sale or trying to short sell your home you might be wondering "can multiple offers be submitted on a short sale?"
considering selling a house in florida? learn about the current market trends and how quickly homes are selling.
is the highest-priced offer always the best offer? there’s a lot more to consider than just money.
discover the key signs your port charlotte, florida home will sell fast and attract the perfect buyer quickly. find out what makes your property stand out!
discover crucial tips for your south florida home search in our insightful blog
how sellers handle multiple offers will vary because every seller and every seller's situation is different, but here are the most common ways sellers handle multiples. #realestate #homeselling
as a home buyer, there’s nothing worse than making an offer on your dream home, entering a bidding war, losing to the other buyer and having to repeat the process over and over again. if you’re enduring these struggles as you shop for homes in competitive markets, you might consider putting offers on multiple homes at once to better their chances of getting accepted.
the process of receiving a cash offer for your property. embarking on the journey to sell your florida property and considering an instant
you’re flattered to receive multiple offers on your home — should you ask buyers for their highest and best to find out who wants it most?
buying a home in deland can be challenging in today's market, but with a good agent and little patience, you can find success.
there’s no question the pandemic and lockdowns throttled the world’s economy and negatively impacted many industries across the united states. the sunshine ...
master the art of handling and negotiating multiple offers in real estate with expert tips for agents. boost client satisfaction and close deals efficiently with colibri real estate.
nar’s latest consumer guide provides sellers with insights on evaluating several offers, negotiation strategies and other useful information.
central florida real estate experts.
if you have to ask the question, how do i handle multiple offers? well, it really depends. and every situation is different.
buying a home in a seller
sorting through multiple offers on a house can be confusing. find out how to pick your perfect home buyer today.
https://cdn.prod.website-files.com/5e546345b0467d97d0d7f2a9/62a6a08a7f5d4d2992aac954_miami_heroimg.jpeg
learn how to decide what to offer on a house in florida for the best deal with expert tips and negotiation strategies.
how long does a seller have to respond to an offer in florida? click here to find out. furthermore, call jurado & associates, p.a. at (305) 921-0976.
the northeast florida association of realtors® (nefar) serves as an advocate and the voice of real estate in northeast florida. with a membership of more than 12,000, nefar is the largest professional trade association in the region and the fourth largest realtor® association in the state.
how much you offer on a house is an important decision that makes or breaks a deal. learn the factors that go into deciding on and making a reasonable offer.
this form may be provided to real estate buyers in florida when there are multiple offers and the home seller wishes to request the highest and best offers from all parties.
a bidding war is when at least two prospective buyers have made legitimate offers for a home that are similar and the seller wants to select the best
if you’re a fan of hgtv, you have probably picked up lots of tidbits about real estate over time. for example, some real estate experts on hgtv shows may talk about the best time of year to buy a house. these conversations may leave you wondering if you should be waiting - or moving up your plan - to buy a home. florida differs from many parts of the country because our state doesn’t experience cold, snowy winters. even so, florida tends to follow many of the same patterns as the rest of the country, with lower home prices in the late fall and winter and more housing availability in the spring and early summer. if you are looking to buy a house, you may not have the option of waiting until a particular time of year to make your move. at eaton realty, we have the experience necessary to help our clients get into a home right for them (and their budgets!) at any time of the year. to learn more, give us a call to talk to a member of our hillsborough county real estate team. when should you buy a house in florida? for some people, there isn’t much choice when it comes to the time of year to buy a house. the move might need to happen regardless of whether the inventory is at its highest point or whether prices are low. however, if you have some flexibility, some times of the year may be better to buy a home. similarities & differences from national market trends some broad rules apply to the real estate market across the country. for example, it is generally accepted that winter is the cheapest time of year to buy a house because most people don’t want to move during these colder months. spring is typically the hottest real estate market, particularly for families with children who want to avoid moving during the school year. competition - and prices - for homes are typically at their peak in the spring. however, florida is unique in many ways - including when it comes to real estate. while winters are cooler in florida, the weather is still fairly balmy (with an average temperature of 70 degrees in tampa in january). florida is also the number one state that retirees move to - and unlike younger families with children, they aren’t bound by things like school schedules. in fact, they may prefer to buy a house in the winter, which may be the primary time they live in florida as “snowbirds.” buying in the spring despite these differences, there are some commonalities between florida and the rest of the country regarding busy times for the real estate market. generally, many homes go on the market - and many people are looking to buy - in the spring. this time of year, houses tend to be more available and also more expensive as buyers look to purchase a home before the weather gets too steamy and so that they can get settled in before the school year starts. buying in the winter or the summer both summer and winter are slower seasons for buying homes in florida. in the summer, many people are busy with vacations and taking advantage of time off to engage in leisure activities. winter is the peak tourist season in florida, so there is often less inventory on the market. many people also stay put and focus on the holiday season. buying in the fall fall is often a great time to buy a house in florida. the weather has cooled off, and kids are back in school. while there may be less inventory than in the spring, you may be more likely to get a better deal. home prices & sales volume throughout the year in 2023, the median sale price for a home in florida is $403,700. this price fluctuates somewhat by the time of year: october 2022: $392,000 november 2022: $391,000 december 2022: $384,000 january 2023: $386,100 february 2023: $389,800 march 2023: $400,300 april 2023: $401,100 may 2023: $407,300 june 2023: $409,300 july 2023: $403,700 august 2023: $403,800 september 2023: $402,300 these numbers show the cheapest time to buy a house in florida is fall or winter. florida home sale prices peak in late spring before dipping again in late summer and early fall. if you are looking for a deal on a house, your best bet might be to look for a home around november or december. however, it may be more challenging to find a home during these months. florida home sales tend to dip in the fall and winter, meaning less inventory will be available. over the past year, the number of home sales varied significantly by time of year: october 2022: 30,373 november 2022: 25,236 december 2022: 27,871 january 2023: 21,683 february 2023: 27,218 march 2023: 38,652 april 2023: 35,142 may 2023: 39,427 june 2023: 38,315 july 2023: 32,127 august 2023: 33,772 september 2023: 31,073 as these numbers show, there are fewer home sales in the late fall and winter months. if you are looking for a lot of selection when buying a home, your best bet will likely be to start looking in early spring. when is the best time to buy? ultimately, the best time to buy a home in florida is when you are ready or when you need to purchase a home. if your job is transferred to the hillsborough county area or you are stationed at macdill air force base, you will need a place to live, regardless of the time of year. an experienced tampa real estate agent can help you find an excellent home for the right price. how to buy a house if you’re looking to buy a house in west central florida, the first step should be deciding exactly where you want to live. the tampa area is large and consists of bustling city neighborhoods, suburbs with easy access to the city, and more tranquil, rural areas. figuring out what kind of vibe you want is critical to the home-buying process. next, you should evaluate your needs - and set a budget. think carefully about what you want in a house, such as a certain number of bedrooms and bathrooms and amenities like a pool or a homeowner’s association (hoa). you will also need to analyze your finances to determine what you can afford. at this point, you should reach out to a seasoned lithia realtor. your real estate agent can review your wish list and budget and help you determine if you need to adjust your expectations. for example, you may want a large home in a wealthy neighborhood like bayshore beautiful - but it may be unrealistic based on your budget. once you have a better idea of what you can afford and what is available in your price range, you can start house hunting! your realtor can choose listings for you based on your criteria and arrange showings. they can also let you know about open houses so that you can get a better feel for the market and what is available. after finding a house you like, your real estate agent will help you prepare an offer. preparation includes pulling “comps” - or comparable sales - and other data to help you make a competitive offer. if your offer is accepted, they can help you with the next steps, from securing financing to dealing with inspections and contingencies to closing on your dream house. interested in buying a house? call eaton realty whether you’re searching for homes for sale in february or september, you want an experienced local realtor to guide you. there are advantages and disadvantages to purchasing at any time of the year, but at the end of the day, the most important factor is getting the right house for you when you need it. based in lithia, eaton realty represents home buyers and sellers in greater tampa. we have over 20 years of experience in the region, including working with clients interested in building a new home. we put our skills and knowledge to work to help you get the best house for the best price for each of our clients. we understand the local real estate market and what it takes to get to the house of your dreams. if you’d like to learn more, fill out our online contact form or give us a call at 813-672-8022 to talk to a member of our real estate team.
real estate lawsuit risk is high when agents don’t follow these best practice and legal requirements for handling multiple offers.
can you reneg on one of them?
here are three important tips for buying a house in jacksonville in the current market.
answer (1 of 10): details matter and the best offer may not be the highest offer. a cash offer on the lower is guaranteed to close compared to the higher offer with a mortgage that needs to be approved - with both above asking (or even near slightly below asking) choose cash. cash also closes in ...
if you’re thinking of buying a home today, you already know that the number of homes available for sale is low. but what does that really mean for you? as a buyer, low housing supply coupled with high buyer demand means you should be prepared to navigate a highly competitive market where homes sell fast and get multiple offers. realtor.com has this to say:
learn how to sell your florida home as-is, steps, pros, cons, legal tips, and how to close fast without costly repairs.
winning! best practices for handling multiple offers with housing inventory at record lows, sellers have plenty of offers from which to pick. make sure you’re …