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Thursday, October 13, 2011

Buying a Home in Brevard County, Florida: Ready to make an offer? Know your competition

The real estate market is ripe for the picking if one has the credit score, income and confidence to buy a home in Brevard County, Florida.

I am not going to tell you why it is a good time to buy a home in Brevard County but rather to give you one piece of advice to hopefully prevent your disappointment at losing the perfect home.  After months of searching to find the home that fits all your needs, only to lose it because of a better offer, can be disheartening.

What is that advice?  Know your competition.

Sure it is a buyer’s market but that does not prevent multiple offers from occurring.
So, once you have found that perfect home make sure your agent contacts the listing office/agent and asks these key questions.
  1. Have you received any offers? 
  2. Are there any offers expected?
  3. And, if there is another offer on the way or already in hand, is the buyer being being represented by an agent from the listing office?
Knowing the answers to the above questions will help you in your decision on what to offer, any concessions to ask for (closing assistance, repairs, the big flat screen TV, etc.).

In a buyer's market, sellers do make concessions - especially with a reasonable (not necessarily great) offer.   Understanding the seller motivation can be key in formulating a negotiation strategy. 

When you are ready to buy or sell real estate in Brevard County, Florida, call me, please. 

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