i saw a home in the normandy area for 130.000,00 . What should i offer on this home?

Asked by Grace, Miami Beach, FL Sat May 15, 2010

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Ofelia Loret De Mola’s answer
Ofelia Loret…, , Miami, FL
Sun May 16, 2010
Grace: I concur with all answers below. We need an exact address and whether it's a short sale or foreclosure. Based on that, a Realtor can prepare an offer for you. Also, I suggest that you get an approval from a major bank or lender (such as Coldwell Banker Home Loans). Especially with short sales and foreclosures, that is now a requirement. If you need help for any of the above, feel free to contact me at (305) 987-6480.
Ofelia
0 votes
Miguel Soria, Agent, Miami, FL
Sun May 16, 2010
Grace:
Will depend on the property listing. If it is an REO you should go higher to if the price is undervalued.
Please provide details about the property. Where did you find it? MLS number or address?
Regards
0 votes
Dan Chase, Home Buyer, Texas City, TX
Sat May 15, 2010
Your question was duplicated. More replies are over here.
http://www.trulia.com/voices/Home_Buying/i_saw_a_home_for_wh…
0 votes
Adrian Diaz…, Agent, Miami, FL
Sat May 15, 2010
Not knowing the exact property you are referring to, I would submit that you should offer a price that is a combination of what you are comfortable with in terms of financing (should that be the case) and more importantly based on what the local market has had in terms of similar closings in the area.

Additionally, you should be aware of the type of sale, ie: short sale, bank owned, auction, etc...

These variables will affect the manner in which you make your offer as well as the timing or time jt takes.

There are other things to consider but this should help with the decision process. I'd be happy to help you out if you like at no charge to you.

Enjoy your weekend!
Web Reference:  http://Www.emh3.com
0 votes
Beth Jenkins, Agent, Miami Lakes, FL
Sat May 15, 2010
Hi Grace,
It is impossible to anser that without the details. I would have to see the lisitng and know if it is a short sale. At this price I would assume it is.
I t is in your gbest interest to have a realtor do the comps and write the offer.

If you need assistance feel free to contact me.

BethJenkins
South Florida Brokers
786-374-4778
Web Reference:  http://www.arealtyteam.com
0 votes
Don Kelbick, , Miami, FL
Sat May 15, 2010
There is no magic formula. What you should offer should reflect what it is worth to you.

In terms of value, have your realtor do a buyer's CMA to educate you on what like properties are selling for in that area
Web Reference:  http://www.dkrealtor.com
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