Buyer Tip: Get the Comps Before Making an Offer
by Osman Parvez
Buyer Tip: If you’re getting ready to purchase a property and want to make a smart offer, ask your Buyer’s Agent to find what sold in the neighborhood recently and what is currently on the market. These are what realtors refer to as the “comps.”
Example: The Realty Unique Team has a listing at 205 Agate Way in Broomfield. We’ve priced it aggressively and it’s available for a quick close. The adjacent streets are Beryl, Coral, Daphne, and Emerald. To help a client see the value and make a smart offer, I prepared an investor packet showing sold and currently listed properties on these streets (since June 2005). Click here for a copy.
Most realtors will analyze the market when they are attempting to get a listing, but few will help their buyer clients see the value in certain properties or prepare a competitive offer. Getting the comps is the best way to determine market value for buyers too.
If you are getting ready to shop for a home in Boulder or surrounding communities in Colorado, and would like the services of a Buyers Agent that can provide a sophisticated analysis of value, please contact us. In nearly all buying situations, the services of a Buyers Agent are paid by the seller, so there’s nothing to lose. It’s the best deal in real estate. We look forward to adding value to your next real estate transaction.
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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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We can highly recommend Sophie. Her attention to detail and communication skills are great. Our home was in area that most realtors are not familiar with, but Sophie took extra time to get to know the neighborhood in order to give us quality service. She also brought in a professional photographer to make our home look its best. Even though the listing was in winter, the house sold quickly. With Sophie’s business and people skills, we have no doubt she will be a top realtor in the area.
Osman was a refreshingly honest realtor. He stressed through the entire process that his goal was to make me happy with my home purchase. I greatly appreciated the fact that he never shied away from pointing out the negatives as well as the pluses of different places while leaving the final decision up to me.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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