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Real Estate Mistakes to Avoid | Brevard County, FL Real Estate | Carolyn Smith, Realtor

Posted on: June 19, 2012

Carolyn Smith, Realtor – Brevard County, Florida Real Estate: Real Estate Mistakes to Avoid

Real Estate Brevard County FL

Mistakes to avoid when searching for a home in Brevard County, Florida!

After six years of experiencing a strong buyer’s market in Brevard County, Florida, the tables are now turning and sellers are starting to enjoy a resurgence. However, some buyers aren’t able to accept that the market is changing, and as a result, these buyers are not getting the homes they want. In order to avoid this situation, I’ve put together a list of some common errors and mistakes that buyers are making as they are searching for a Brevard County, Florida home to purchase:

1. Making Lowball Offers: Crazy low offers were the norm several years ago, but in today’s market, buyers can’t get away with these types of offers anymore. Today’s sellers are not desperate, and lowball offers are regularly ignored or rejected by the sellers. So what is considered a lowball offer, you ask? It’s different according to sellers and buyers. Some sellers consider anything less than 90% of their asking price a lowball offer, while some buyers consider bids of 80 – 85% of the asking price reasonable. Basically, for buyers who are “looking for a steal”, this market unfortunately isn’t going to offer you that.

2. Waiting, or “Sleeping on it”: With such a low inventory of homes for sale in Brevard County, Florida, today’s buyers do not have the luxury to take the time to “think about it” before making an offer. Appropriately priced homes in desirable neighborhoods are going under contract within days, weeks, and sometimes even hours of being listed. In today’s real estate market, full-priced offers are not unusual. Bottom line, if you see something you like, prepare to act fast with a reasonable offer.

3. Too Many Contingencies With the Offer: While common stipulations such as buyer financing are common, an unnecessarily long list of contingencies may prevent buyers from getting the home they want. Most often, a clean contract will win out over a highly demanding contract or highly demanding buyer. So if possible, keep it simple!

4. Failing to Make a Personal Impression on the Seller: With some sellers receiving multiple offers, buyers have to do more than just make a competitive bid. Sellers are looking at the whole contract, not just the bottom line offer. Buyers may want to take the time to meet the seller’s agent; it can’t hurt if the agent likes the potential buyer. Some buyers are even submitting a personal letter with their offer about why they like the home and why buying it is important to them. Buyers should try to warm up to the seller by “standing out” as more than just a name and a dollar amount.

If you are looking to buy a home, condo, or townhouse in Melbourne Beach, Indialantic, Indian Harbour Beach, Satellite Beach, Suntree, or Viera, I can help you avoid these common mistakes. Call or email me and we can discuss your real estate needs, as well as how to make a competitive offer in the highly competitive Brevard County, Florida real estate market. 

Source of info: http://www.floridarealtors.org

Start your dream home search right here: Carolyn Smith Realtor Website

Whether you are buying or selling, it would be my pleasure to represent you!

Please call or email me today to review your real estate needs!

Contact me, Carolyn Smith at:

Phone: 321.271.0870

Email: CarolynSmithRealtor@gmail.com

www.CarolynSmithRealtor.com

SRES – Accredited Seniors Real Estate Specialist

CDPE – Certified Distressed Property Expert

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Your Coastal Estate Team: Carolyn Smith, Realtor & Bridget Sentz, Realtor

"Your Coastal Estate Team"

Contact Carolyn at:

RE/MAX Olympic Realty
445 Fifth Avenue
Indialantic, FL 32903

Direct: 321.271.0870
Fax: 321.574.3044

Email: CarolynSmithRealtor@gmail.com

Contact Bridget at:

RE/MAX Olympic Realty
445 Fifth Avenue
Indialantic, FL 32903

Cell: 321.537.5720
Office: 321.952.4000

Email: BridgetSentz@gmail.com

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