Home Selling in Bay Area>Question Details

Lynn Gunter, Home Buyer in Acworth, GA

Made cash offer on home 50,490 now they have multiple offers. How much more should I offer?

Asked by Lynn Gunter, Acworth, GA Sat Jan 7, 2012

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Answers

8
A good agent can help you get a good analyzes of the situation. I would first call the listing agent and check what is the most important for the seller. Is it higher offer, Maybe cash only offer have some advantage, Is the seller wants to rent back after close of escrow. Are they looking for a family that will take care of the home?
Once you find out what is the seller need and the number of offers you should build an offer that match the seller requirement increasing your chance to get the offer accepted.
But make sure you do not make an offer you live to regret. Like an offer that is a lot higher then the market value.
Let me know what you think,
Paz
Web Reference: http://www.pazbreal.com
0 votes Thank Flag Link Sat Feb 18, 2012
This is really a question for you and your agent. They will have the most detailed market analysis which is what you need to know so you can make an educated offer.

Best of luck to you.

Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o.512.669.5599 m.512.633.4157
listings@dongroff.com
0 votes Thank Flag Link Sun Jan 8, 2012
Lynn,

Don't pay above market value, but the answer is, "How much is that home worth to you?" You've had it inspected and know what you need to spend after you buy it, I assume.
Do you have reason to believe the other offers could be higher than yours? If you raise your offer and find out later the others were offering less, ask yourself how that would make you feel.
If you have experience looking at homes in the area and feel this is the one, and you'll be sorry if you miss out, go to as high a price as you feel comfortable with. Then, if you don't get the home, you'll know you didn't pay too much. And if you do get it, you'll be proud of your decisions, and your home!

Kurt Salziger
Coldwell Banker Pacesetter Steel Realtors
Corpus Christi, TX
(361) 443-4431
Kurt@corpushomesales.com
0 votes Thank Flag Link Sat Jan 7, 2012
Stay within your means, and do review comps with your agent, recently sold similar properties in the immediate area...
0 votes Thank Flag Link Sat Jan 7, 2012
Rely on your Agent and the CMA.

Good luck and may God bless
0 votes Thank Flag Link Sat Jan 7, 2012
Hi Lynn,

How much more do you think it is worth?
Is it an investment? are you expecting a cash flow return from it?
Your local realtor should be able to help you out with most of these questions.

Good Luck
0 votes Thank Flag Link Sat Jan 7, 2012
Lynn,

Your real estate agent should be able to provide you comparable sales for the property you are making an offer. You have to decide how much you want this home and how much you are willing to pay. You’re buying decision of how much to offer can be based on how long you intend to own the home. You can afford to offer a higher price when you are planning on keeping the home for a longer time that will allow for appreciation.

Thanks,
Carol Perdew
Prudential California Realty
(209) 239-7979
Carol@PerdewHomes.com
http://www.CentralValleyHomes.com
DRE 985176
0 votes Thank Flag Link Sat Jan 7, 2012
Hi Lynn,
Have your realtor run the comps and see what the property is worth. Being a cash buyer you might be able to get some discount to market value. Although with multiple bidders you may have to pay markey value.
Good luck,
0 votes Thank Flag Link Sat Jan 7, 2012
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