Home Buying in Bradley Beach>Question Details

Jradjewski, Home Buyer in Bradley Beach, NJ

Is an offer of 210k in line with what properties are selling for in this area?

Asked by Jradjewski, Bradley Beach, NJ Mon Jun 10, 2013

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This question was asked from this property: http://www.trulia.com/property/3092974444-200-Ocean-Park-Ave…

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4
You really should have your realtor that showed you the property provide you with recent comparable sales in that community as well as others close by in order to make a realistic offer.
0 votes Thank Flag Link Sun Jul 21, 2013
Hi the prices in that building vary depending on their location whether in the front or rear of the building, the floor and the condition of the unit. I would suggest you see all units presently on the market then we can pull comps to compare to the unit you like and may want to make an offer. I would always leave some wiggle room for yourself in negotiations. There are other buildings in Bradley that also are great locations that may interest you. I just had a listing of a condo on Beach in Bradley and it sold in 5 days, great condition and location. If there is any units you would like to see I would love to help you out!

Denise Sherman-Pula
Jack Green REalty
cell 570-977-4250
0 votes Thank Flag Link Thu Jun 20, 2013
Prices in this building have ranged from $119-239K in the last 18 months.

A thorough analysis of this unit compared to the others would be in order to answer this question. If you are not working with an agent, I'd be happy to help. If you are, have him/her present comparable sales so you know.

While an offer of $210K seems to be in order for a listing priced at $215K (purely looking at the numbers), it could be a high offer and going in lower could save you money, based on comparable sales.
Web Reference: http://dianeglander.com
0 votes Thank Flag Link Mon Jun 10, 2013
An offer is more than just price. It's also terms and if/how those terms meet the needs of the seller. It's also how many other interested buyers there are. Some properties that list for 215K will sell for more than asking price, while others sell for near or less than asking price. Who represents you in the presentation and negotiation of the offer can impact the final outcome. Agents who fax blind offers and relay their received email replies are overall less effective than an engaged buyer agent.

The link on Trulia provides sold data at the bottom of the page. You'll find condos that have sold from the low 200's to the high 200's in Bradley Beach.

Does your offer of 210K include a preapproval with some meat in it? How much down? Are you seeking concessions? What is your deposit? Who is doing your loan? When is the loan commitment date? When is the closing? Are you flexible about closing? Who is negotiating the terms for you? for the seller? All of these factors influence the final price that a seller is willing to accept.
0 votes Thank Flag Link Mon Jun 10, 2013
Deborah Madey, Real Estate Pro in Red Bank, NJ
MVP'08
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