How Much to Offer for Santa Cruz Real Estate

Posted by Lauren Spencer on Thursday, August 16th, 2012 at 1:01am.

Figuring out how much to offer for the Santa Cruz real estate you want to buy can lead to sleepless nights. You don’t want to offer too little and lose the home, but you don’t want to offer too much and overpay.

You may ask your real estate agent how much you should offer. Real estate agents can guide you, the buyer, but don’t expect the agent to name your price. Your agent will suggest price ranges and offer market information to help you make your decision, but the final offer is your decision. 

Why don’t real estate agents simply tell you exactly what you should offer?

• They aren’t mind readers. Yes, real estate agents have more knowledge about the market value of real estate than non-real estate professionals. That doesn’t mean they can get inside the minds of the sellers and tell you that magic number that’s not too high and not too low.

• They might recommend a price that is lower than the buyer is willing to take. If the agent suggests a price that turns out to be too low, some buyers blame the agent for causing them to lose out on the Santa Cruz real estate.

• They might suggest a price that the seller snaps up. If your offer is immediately accepted, you may wonder if you could have offered less, or if the agent is working in the buyer’s best interest.

 It is not the agents’ purchase. It will be your home, not the agent’s, so the final decision is up to you.

A good agent will provide enough information to allow you to make the best offer possible based on previous sales in the neighborhood and market pricing.

If you’re interested in buying Santa Cruz real estate, please call me today at 831.662.6522 or email me at Lauren@LaurenSpencer.com for more information.

For additional information please visit my home page at www.MySantaCruzRealEstate.com.

Links:

Real Estate Agents

Market value of real estate

Santa Cruz real estate

About Lauren Spencer

Award-Winning Santa Cruz REALTOR®

Lauren Spencer is your local real estate expert, specializing in Santa Cruz real estate and surrounding communities—this is where she lives, works, and plays too. Let her know your questions about the community and county and she'll be happy to fill you in on all you want to know! Lauren Spencer has consistently been voted best local REALTOR in Santa Cruz and is always happy to offer her advice and expertise. Call her at: 800.226.4717.

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