How much you should offer for a property?

Before preparing an offer, you should take into account the comparable analysis that your real estate agent will do, where he will present you with the most recent sales in the area of ​​properties similar to the one you want to buy. You should also analyze additional data such as the condition of the home, any improvements made to the property, current market conditions, new construction in the area, and the seller’s circumstances.

This analysis will help you establish a “fair” price for the property.

The offer is then prepared with a purchase-sale contract. In Florida this is done with a formal, standard contract in which the specific requirements and terms of the buyer and seller are presented.

The offer of purchase and sale is made with a good faith deposit (escrow deposit) generally 5% to 10% of the purchase value of the property, which is deposited in an account (escrow account) with a real estate attorney or title company, this attorney or company may be the attorney involved in the transaction or a third party. Generally this deposit is made before the third day after the offer has been signed by the buyer and the seller.

It is important to keep in mind that the seller can reject your offer, even if you have offered the full price and that they are not required to give an explanation as to why they rejected your offer.