Found a Home to Buy

Found a home to buy


Great question! And, a very common question. You found a home to buy and you wonder, should I offer the full list price, should I come in low or just what should I do?!

Today I’m going to tell you how to crack the code on knowing just how much money you’ll offer the Seller for the home they’re selling. We’ll be analyzing the local Real Estate market where the home resides, how close to perfection is the home you want to buy, what type of Buyer representation do you have and is time on your side, to name a few. Once you understand and recognize these circumstances you’ll be well equipped to be on your way to buying a home in Coral Springs or neighboring southeast Florida cities or anywhere in this great nation, for that matter! This will affect all first time home Buyers or the experienced home Buyer alike.

We can crack the code by answering the questions below. Our answers will reveal how much money you will offer to buy the home.


What is the home’s value?


This is the first thing you must know in order to know how much money to offer on the home you’re considering buying. To begin, what have nearby homes sold for in the last 3 months or perhaps even having to go out to 6 months ago? Such homes will determine the value of the home you want to buy. This is where you’ll value the hiring of a Buyer’s Real Estate Agent who will guide you with their expertise. A Buyer’s Agent represents you and not the Seller and they’re able to dig in to see the particulars of the homes that have sold in the recent past within close proximity to the home you’re considering buying. From these homes that have sold, how do they compare to the home you’re considering buying? You’ll compare their features, condition and location. From the comparable homes, your Agent will be able to determine a fair market value for the home you like. This is your starting point from which your offer will be considered. An ideal situation will be fulfilled when the Listing Agent for the home Seller knows how to price homes to sell and the value your Buyer’s Agent comes up with will be in line with the list price. Unfortunately, we aren’t always fortunate to stumble upon ideal home buying price circumstances and this will be another area where you will most certainly benefit from the use of a skilled Buyer’s Agent.


What does Seller’s Realtor reveal about the home?


Try to discover any desperation from Seller. If the Seller’s Agent is present at any of the home showings, your Realtor can cross examine to discover the reasons why the Seller is moving. His or her answer may reveal desperation. Desperation can mean savings to you. You really don’t want your Realtor to cross examine the Seller’s Agent, yet I wanted you to understand the value that can come from this when you hire an Agent to represent you who is talented at unearthing such valuable details.

A desperate Seller means that you could possibly consider an offer to them that is below what they’re asking or below fair market value. However, keep in mind that a Seller’s desperation is not the sole factor in determining an offering price as your very own desperation may also come into play as discussed below.


Are you wild about the home?

Are you wild about the home
Whether it’s the first home you’ve fallen in love with or the second, third or more, your feelings of overwhelming joy can most certainly have an effect on the price you are willing to pay for a home.

Overwhelming joy can keep you awake at night envisioning yourself in this new home that would be just perfect, you imagine. Oh, if you can only get this home, you think, your life will be perfect!

If you’re wild about the home, don’t learn the hard way by losing the home you love to another Buyer, because you thought you’d lowball the Seller. By determining the home’s value as discussed above, you should have a good idea of where your offer should be and are you really willing to risk what you love for your lowball offer? In fact, depending upon your local Real Estate market, your love of the home and any other interested Buyers, it could warrant an offer above fair market value. Yes, that’s correct. This is commonplace in a Seller’s market when homes are priced right and there are several Buyers vying for the same home; there aren’t enough homes to satisfy the wants and needs of home Buyers.


What is your moving timeline?


Do you have all the time in the world or is your clock ticking? Perhaps you’re just starting to look for a home and you aren’t in a rush, as you don’t want to have regrets and want to avoid the horror’s of home buying pitfalls that you’ve likely read all about.

If you’re not in a rush then you likely may be afforded the opportunity to save on your home purchase. It isn’t a guarantee that you’ll save if the Seller is looking for a fair value for their home, yet if you’re willing to risk the home because your clock isn’t ticking, then you may win the prize of paying a bit less than a home’s value, if you’re willing to risk losing the home to another Buyer or an outright Seller rejection of your offer. You’ll find this strategy can work for you as a home Buyer if the Seller is on the flip side of a coin in that their clock may be ticking and need to sell.

What if the other scenario holds true for you and your clock is ticking and need to find a home to buy now?! You’re going to have to rely on your Realtor to provide you with the details of the home’s value as discussed above, in order to make sure your offer is fair market value so you have a good chance of the Seller accepting your offer. Yet, what happens if the Seller’s vision of their home’s value is way above market value, you love the home and your clock is ticking? In other words, the home’s list price is above market value. Then you forget this home and go on to the next home, unless your Realtor can discover that the Seller is indeed willing to negotiate down to market value or a market value offer on your part would be considered by the Seller. If not, it is time to search for a new home as time isn’t on your side.


What loan amount have you been Pre Approved for a mortgage, if financing your purchase?


This is pretty simple. If you’ve been pre approved for a mortgage at $325,000, then you cannot offer more than what the Pre Approval letter states. Your Pre Approval letter lets the Seller know that you’re well qualified to buy their home for a set dollar amount: Pre Approval letters are a powerful tool when buying a home.

Crack the code on buying a home

Wrap up


Now that you know the answers to the questions above, you’re able to determine the right offer price, you’ve cracked the code!

From a low offer starting point, to right on the money, to sometimes above the asking list price, your answers will make the decision for you – it will crack the code.

As you can see, there are many factors that you need to consider in order to determine what is the ideal offering price for buying a home. To know how much money to offer, you’ll need to prioritize all of these factors, which will then ultimately decide for you. You’ll answer your question; How much money do I offer when buying a home?


Book an appointment now to learn more about specific tips for buying a home and how much money do I offer, in Southeast Florida? Call/Text Lynn at 954-464-1100 or email Lynn at


More on buying a home in Coral Springs or anywhere:

Home Basics to Making an Offer on a Home Purchase by Teresa Cowart
2016 Luxury Home Buying Tips by Las Vegas Luxury Home Pro and Debbie Drummond
Gain an Edge with these Home Buying Tips by Forbes
Make your Home Buying Process Easier with These 6 Tips by Credit Sesame featuring Bill Gassett
Buying a Home in a Seller’s Market by Rochester Real Estate Blog and Kyle Hiscock


Today’s Real Estate article “I Found a Home to Buy – How Much Money Do I Offer?” was written by Lynn Pineda. You’ll find Lynn selling homes in Southeast Florida in the cities of Boca Raton, Boynton Beach, Coral Springs, Delray Beach, Coconut Creek, Deerfield Beach, Margate, Parkland, Pompano Beach, Tamarac, Sunrise, Plantation and Ft Lauderdale areas within Broward and Palm Beach counties.

Lynn Pineda, a licensed Southeast Florida Real Estate Agent serving Southeast Florida for over 11 years. Keller Williams Coral Springs Realty. Real Estate Promises Delivered. You can speak with Lynn by calling/texting her at 954-464-1100 or you can email her at: if you need to buy or sell a Southeast Florida home. Your local, trusted professional when it’s time to buy or sell a home. Real Estate promises delivered. March 17, 2016.

4 Responses

    1. Maria, you’re fortunate to know how much money to offer when you’ve decided on a home. Unfortunately, you’re in the minority and everybody does not know this already, as I get this question from home Buyers all the time.

  1. Hello Lynn,

    Very informative post.
    Sometimes the buyer’s are in so much rush and the agents could easily detect that.
    This leads in paying up an extra amount for your house, which one like.
    Actually the main problem is, it’s quite hard to determine the present value of the
    house and location you want to shift.

    As prices may alter from time to time but, it’s definitely not like that, within a couple of months
    the prices is just being doubled out.
    We should take a little bit of inquiry, about the properties sold in the area, for the past 6 months.

    The buyers show their intense eagerness to buy the property and the advantages is being captivated by
    the agents and they end up by making huge commission from your side.

    Thanks for sharing this among us. Very helpful.

    Shantanu sinha

    1. You’re right a Buyer in a rush can certainly be taken advantage of by the wrong type of Real Estate Agent. A big reason why one must choose their Agent carefully too! Thank you Shananu. I’m glad you found my article helpful

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