I want to buy a home in the Chrlottesville, Crozet area.

VAbuyer
Home Buyer
Florida

There is currently a 13 month supply of homes, the market is not looking to bottom out anytime soon, min 6 months if we are optimistic. The home I Iike is currently listed at $475,000. I don't want to buy this house and suffer a loss in value from what I paid. What is a reasonable and realistic offer given the market? I'll be paying in cash and can close in 2 weeks.

House is 5 bed / 3.5 bath and 4000 sqft with .82 acres.

Answers (2)
Jim Duncan
Agent
Charlottesville, VA

It's impossible to give any accurate advice as to what is "the right" number to offer on this or any particular house. It's important to know how long it's been on the market, what the comps say (active, under contract and sold), what the sellers' motivation is (not relevant to market value, but relevant to sellers' motivation) ...

Based on the information you've provided, I think I know which house you're looking at - this is an active neighborhood and homes that are priced well are in fact selling. Without an agency agreement (even if only for this one particular house) I do not feel it appropriate to give you specific advice, but I would be happy to talk to you about this property.

You may find the options here interesting as well - http://www.realcentralva.com/services/ - I have been testing a representation/consultation model that may be a good fit for you.

You say that you are in Florida; are you local now?

Please feel free to call or contact me at anytime - http://www.realcentralva.com/contact-me/

Sun Sep 7 2008, 12:15
Charlottesvi...
Agent
22903
FIRST ANSWER

The answer is not a simple number. We actually have a very good market in our area and the best thing to do is to use a true Buyers Agent to run a proper CMA and help you with all aspects of the transaction. My group of experienced agents are ready to help you out. Feel free to contact me by my website, email Charles@MyCharlottesvilleAGENT.com or call me.

Best regards,
Charles A. McDonald
(cell) 434-981-1585, (fax) 866-527-9526
Associate BROKER at RE/MAX Assured Properties, Licensed to sell Real Estate in Virginia
ABR, e-PRO, SRES CAAR Professional Honor Society, CAAR Technology Group
"Your Outstanding RE/MAX Agent in Charlottesville Virginia"

Sun Sep 7 2008, 07:04

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