Offering Over List Price

Please see the article link below.  I feel this is a very good read… Especially since we are in a seller’s market right  now.
 Offer writing strategies or thought  processes may need to vary a bit when we find ourselves in a seller’s market vs a buyers market. Especially as competitive as ours has been recently.
I have had buyers who recently found themselves in a multiple offer situation.  I counseled them on much of what this article mentions (not using the accelerated clause, as I agree it can often cause a buyer to pay too much). I always run detailed comps on a house before having my buyers sign an offer, that way they know they are offering a good price, not over paying, and we know we are making an educated offer in hopes of avoiding appraisal issues.  We look at the net to the seller. If you offer list price but then ask the seller to pay all of your closing costs and leave items not normally left with the purchase of this home, it’s not truly offering them list price and most likely won’t put your offer at the top- not in today’s strong seller’s market.  Each case is different.  You need a professional who will do the research for you and help you make a smart offer, an educated offer.
I would be honored to assist you in finding your next home.  Please contact me today.

http://homebuying.about.com/od/buyingahome/f/Is-It-Ok-To-Pay-Over-List-Price-For-A-Home.htm

Michel Ann Maroney, 

Realtor®, ABR®


Exit Realty Associates

7016 Church Street E
Brentwood, TN  37027

Phone:  615-653-1137
Office:   615-321-EXIT (3948)  ext.  2013
Email:   MaroneyRealEstateTN@gmail.com
 
“I won’t sell you a house, I’ll help you find a home!”  ~Michel
 
Community Info, My Bio & other helpful links can be found:

Rutherford County TN Sales Stats

Happy 2016!  I hope the year is off to a great start for you all.  

I ran an activity report today for Rutherford County through Realtracs to give us all a quick summary of 2015.  The results are as follows:

Rutherford County, TN – Residential Sales Stats

Month of December 2015 

New Listings

  • New Listings    449
  • Average list Price $219,209


Closed Listings

  • Closed Listings:     432
  • Average Closed Price:     $215,201
  • Closed Price in comparison to List Price %:     98.99%
  • Average days on the market (listing date until closed):  55 days

Year End Summary 2015 

New Listings

  • New Listings    7,597
  • Average list Price $235,302


Closed Listings

  • Closed Listings:     5,402
  • Average Closed Price:     $208,985
  • Closed Price in comparison to List Price %:    98.77%
  • Average days on the market (listing date until closed):  54 days

Many blessings to you all in the new year!  Please contact me if I may assist you in meeting your 2016 goals of buying or selling a home in Middle TN.

~M.

Jamison Downs – Murfreesboro

More Stats on Jamison Downs per tax records:

Maximum current square footage:  3983
Maximum Sale Price:  $355,500
# of Sales in Last 2 Years:  12
Average Property Turnout:  5.77 Years

Map View from the Avenue to Jamison Downs:
To Jamison Downs.jpg
*data per CRS tax records