Once you decide to make an offer, you’ll need to establish the Fair Market Value for the home. This may or may not match the Seller’s asking price.

Deciding on an offering price is a critical decision because it will set the stage for counter-offers and affect the final price.

It is especially important to discuss possible consequences before making an offer. If you act before thoroughly researching the marketplace, you could wind-up paying more than the home’s Fair Market Value.

The best way to determine the Fair Market Value of a home that you are seriously considering is to review a Comparative Market Analysis (CMA).

Prepared by your Realtor, the CMA is an analytical report that lists similar homes that have recently sold, are pending sale, or are currently available for sale.

Location
Time of sale
Construction and design
Age and Condition
Size
Lot
Features
If you’re thinking of making an offer, make sure you’re informed. I am available to prepare a Comparative Market Analysis for the home you’re interested in. Contact me at (949) 552-1111 for more information.
Call Barry (949)552-1111 or send and e-mail to prepare a CMA
 

 

v