Home Buying in Jacksonville>Question Details

Jay, Home Buyer in 32246

Planning to bid for a house on Baymeadows area jacksonville FL.

Asked by Jay, 32246 Fri Sep 19, 2008

It is a 2700 sq ft house (approx 10 years old). The living room has hardwood floor(not the best quality) and stainless appliances. This house has been on the market for over a year. What is a good price to bid? Thank you for your advice

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As you can tell, the consensus is that you need a Realtor. Everybody today is looking for a good deal on a house. Actually, I think that holds true for everyone at any time for the most part. What most people don't understand about Real Estate is that it's a complicated business and the average person doesn't have access to all the tools they need in order to get the job done in the most cost effective and time efficient manner possible. It's like fixing your car; if you're mechanically inclined you can certainly fix your car, say change the brakes for example, for less than what it would cost you to take it to a mechanic. The difference is that the mechanic does this every day, all day, and has the special tools and equipment neccesary to do the job quickly and easily. Further, he is familiar with the different makes and models and doesn't have to stop to look anything up and the way he makes money is that the book pays 1 hour for the job but he can get it done in 20 minutes because he has invested in special tools, training and has the experience to side step the trouble spots that would stop you and me..
Get the analogy? Use a Realtor, by all means. As a buyer it doesn't even usually cost you! Even if it did cost you, wouldn't it just make since to use one anyway? You see all the commercials about selling stuff yourself, and I'm sure people do, but the statistics say that the odds are against you. Use a Professional. There are Realtors that specialize in Auctions, ones that specialize in foreclosures, short sales and REO's; ones that specialize in commercial, and so on. The point here is that not all Realtors are created equal, and even among those that specialize in the same niche there is a spectrum. There are good brain surgeons and great ones. Which one would you rather use?
I don't do auctions and I admit it. If you were my customer, or if you were a friend or even if you were referred to me I would turn around and refer you to a colleauge that did auctions and was good at it. I'm sure there are Realtors on this page that could help you, but the purpose of my post was to make the case that a good Realtor is indispenable to a real estate deal. Don't hesitate to contact me fo any questions or help I might render. Good Luck.
Web Reference: http://www.ericsellsjax.com
1 vote Thank Flag Link Sun Sep 21, 2008

Are you attendiing an auction on this property or are you viewing it with an agent? That will matter when you offer a price.

1 vote Thank Flag Link Sat Sep 20, 2008
Hi Maggie,
I have a real-estate agent. Before I give an offer I want to be sure that it takes into account the current market turmoil so that after six months I won't be complaining to myself!!!!

0 votes Thank Flag Link Sat Sep 20, 2008
Congratulations on deciding to purchase property...it is an ideal time to buy and SAVE...

Our recommendation is to find a local real estate professional that can provide the best insight on your desired property. To determine your best offer, it's important to understand what has been happening in the market with recently sole homes in your location-comps. An agent can provide this information and more.

With these details you will be able to see the path you must take more clearly. Please understand, having an agent in your corner doesn't cost you anything and stands to save in more ways then you can realize.

Good luck,
The "Eckler Team"
Michael Saunders & Company
0 votes Thank Flag Link Sat Sep 20, 2008
Your question is about a bid which indicates auction. Is that the case or are you going to offer a contract to purchase? If you are bidding is it a sealed bid? If you are offering a contract to purchase do you have a Realtor and if you do let them do the research for you to determine the offering price. I am happy to assist. Jack Vance, 504.1215
0 votes Thank Flag Link Sat Sep 20, 2008
In order to help you I would need to see the house and research at all the compariable homes in the area. If you are not currently working with an agent and would like assistance give me a call or email me.

Shonda Sauls,REALTOR®
Prudential Network Realty
(904) 260-4300 ext 625 (Office)
(904) 962-6139 (mobile)
(904) 292-2060 (fax)
0 votes Thank Flag Link Fri Sep 19, 2008
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