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How to Determine the Best Offer for Your Home

To really know if an offer suits your needs as a home seller, there are three factors you need to look at: time, money, and terms.

Once you start getting offers, how do you know which one is best for you?

To determine the quality of an offer, there are three factors to consider: time, money, and terms. One offer might have the highest price, but its terms might require a longer closing. It’s like we always tell our clients—you can have two offers that are both worth $250,000, but each offer can vary in terms of risk once you analyze their terms.

Typically, there are two types of sellers: Those who prioritize time and those who prioritize money. Some sellers prioritize each equally, but you need to know who you are as a seller. Do you need your sale to happen in a timely manner because of outside circumstances (e.g., a job relocation) or do you just want to get the most money possible out of your sale? Once you figure that out, you’ll know what kind of offers to look for.

Always communicate with your agent what factors are most important to you so they can advise you on which offer best suits your needs.

If time and convenience are more important to you, you should consider going with an instant offer program. These types of programs guarantee quick, convenient, all-cash purchases. However, you usually have to sacrifice something for that convenience. Companies that buy homes do so in order to resell them and make a profit, so you typically won’t sell yours to them for maximum value.

Of course, if you prioritize making the most money possible from your home sale, you’re better off listing it the traditional way. You’re not required to accept an offer just because it’s the highest price, though. Highest doesn’t always mean best. It’s not unusual for a seller to accept a lower-priced offer from another buyer because they’re further along in the pre-qualification process and they’re working with a lender you and your agent trust.

On that note, always communicate with your agent what factors are most important to you so they can advise you on which offer best suits your needs.

If you have any questions about this or any other real estate topic, don’t hesitate to reach out to us. We’d love to speak with you.

What Our Shifting Market Really Means for Buyers and Sellers

 Though our market is shifting, there’s no need to worry about a downturn happening anytime soon.

What’s the latest news from our Tampa Bay/Sarasota market?

The statistics from the beginning of the year showed that home sales decreased year over year. However, the most recent numbers from the month of February saw year-over-year increases in both the average price and home sales. Along with these gains, inventory increased and interest rates remained low, which kept our market nice and balanced.

Though supply is catching up with demand, it’s still a seller’s market in Tampa Bay, while Sarasota’s market is becoming more of a buyer’s market.

We are seeing a shift in the market, but not in the way you might think. We’re shifting into more of a stabilizing, balanced market, and what consumers want is shifting as well. That being said, any fear that we’re about to roll into some kind of downturn is unfounded.

Any fear that we’re about to roll into some kind of downturn is unfounded.

If you’re a seller and your home is priced well and looks good, it’s going to sell. If you’re a buyer, you might still have to compete against other offers, but not nearly as many as you previously would have. In general, the higher the price range you look in, the less competition you’ll have to deal with.

In short, all things point to a solid 2019 for Tampa Bay and Sarasota.

If you’d like to know more about what’s happening in our market or you’re thinking of buying or selling a home, don’t hesitate to reach out to us. We’d love to help you.

Join Us on March 10 at Amalie Arena

The Tampa Bay Lightning are in the midst of a historic season. Help us celebrate them, and you, at our upcoming client appreciation event.

RSVP to attend our Annual Client Appreciation Party at Amalie Arena on 3/10

As we head into the final quarter of the season, our Tampa Bay Lightning are in a familiar position: Atop the Atlantic Division. What’s not so familiar is the record-breaking season that we’ve been having. With a 17-point lead over the next closest Eastern Conference foe, we’re all but assured home-ice advantage throughout the playoffs.

We’re so proud to be the Official Real Estate Agents of this team. The excellence they bring to the rink every night inspires us to bring our best for our clients, and it’s inspired us to throw our annual client appreciation party at Amalie Arena.

The excellence they bring to the rink inspires us to bring excellence to our clients.

On Sunday, March 10, we would love for you to join us for an afternoon of fun for the whole family at the home of the Lightning. We’ll have visits from team personnel, giveaways, skating, kid-friendly games, and so much more. RSVP for the event here.

If you have any questions for us about the event or about anything else related to real estate, don’t hesitate to give us a call or send us an email today. We look forward to hearing from you and we can’t wait to see you on March 10!