Making an Offer

Before the offer to purchase is created, it is very important that you have been at least pre-qualified or better yet pre-approved by a lender.

This is one of the best negotiating tools a buyer can have. It shows the seller that you are financially able to purchase the home. After you have found the right home, it is time to prepare the offer.

When you are buying a home, there are many problems that the seller is obligated to disclose. For example, in most states, it is illegal to withhold information about major physical defects on the property, but these disclosures don't always paint the entire picture of the home. Here are six questions you may want to ask that can offer additional insight about the prospective home before you make a final decision.

1) Why is the seller selling the house? This question may help you evaluate the "real value" of the property. Is there something about the house the seller does not like? If so, you may be able to adjust the purchase offer accordingly.

2) How much did the seller pay for the home? This question can, in some instances, help the buyer negotiate a better deal-maybe even get the seller to carry part of the loan. However, it is important to remember that the purchase price is influenced by several factors, like the current market value and any improvements the seller may have made to the home. The original purchase price might not have anything to do with the current value of the house.

3) What does the seller like most and least about the property? By asking the seller what he or she likes most and least about the property, you might get some interesting information. In a few cases, what a seller likes the most about a home might actually be something the buyer is looking to avoid. For example, if the seller describes his house as being in a "happening community," the buyer might consider this a negative factor because the area may be too noisy or busy for his or her taste.

4) Has the seller had any problems with the home in the past? It is also a good idea to ask the seller if he or she has had any problems with the home while living there. Has the seller had problems with a leakage from the upstairs bathroom in the past? If so, even if the leak has been corrected, the floor and walls around the bathroom might have been damaged. You should also check that these items were repaired properly.

5) Are there any nuisances or problem neighbors? Use this answer to find out about any noisy neighbors, barking dogs, heavy airplane traffic or even planned changes to the community, such as a planned street widening. This may give you insight on why the seller is really moving.

6) How are the public schools in the area? Because the value of a community is usually greatly influenced by the public schools in the area, finding out the buyer's perception can give you some insight about the quality of the area's schools.

Knowing all you can about a prospective home, not only helps you decide if it's the home of your dreams, but what offer to make as well. Your real estate professional can help you get your key questions answered and give you advice on how to evaluate your findings.

516 Properties
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$385,000
Subdivision: Kings Point 2Nd Add
3
Beds
3
Baths
2,104
Sq.Ft.
1975
Year Built
1
Day on Site
721363
MLS
This home is located in the prestigious Kings Point neighborhood with easy access to Panama City, Lynn Haven, Tyndall and the beaches. Home has 3 bedrooms and 3 full baths. A large wood burning brick...
$259,000
Subdivision: Northwoods
3
Beds
2
Baths
1,413
Sq.Ft.
2010
Year Built
1
Day on Site
721553
MLS
3 bedroom 2 bath near the end of this cul-de-sac! Upon entering the home you will notice the mosaic tile in foyer that leads to the hardwood floors in the living room. The living room has 11 ft...
4
Beds
3F11/2
Baths
2,511
Sq.Ft.
2022
Year Built
1
Day on Site
721560
MLS
Introducing new plans along with modern designs to the waterfront community of SweetBay! Harris Doyle Homes, the community's newest builder, presents its 2-story Navarre plan with Classical exterior....
$250,000
Subdivision: [No Recorded Subdiv]
3
Beds
2
Baths
1,762
Sq.Ft.
1965
Year Built
1
Day on Site
721561
MLS
Come see this cute 3-bedroom 2 bath home on a large corner lot near Tyndall Air Force Base. This home was completely remodeled with a beautiful interior just 1 year ago. The garage has been enclosed...
$200,000
Subdivision: Green Hills
3
Beds
2F11/2
Baths
1,455
Sq.Ft.
1945
Year Built
1
Day on Site
721562
MLS
This cozy 3 bedroom home sits on a little over 1/2 an acre of land. The home has been renovated with new luxury vinyl tile flooring, granite countertops in the kitchen, fresh paint, new water heater,...
$425,000
Subdivision: Holiday Beach Unit 13
3
Beds
2
Baths
1,360
Sq.Ft.
1976
Year Built
1
Day on Site
721563
MLS
NEW ROOF AND SHORT-TERM RENTALS ALLOWED! Great 3BR/2BA home on a corner lot just a few blocks from the beach and Grand Lagoon! This home sits on a oversized lot and boasts lots of sensational extras...
3
Beds
2
Baths
1,980
Sq.Ft.
2000
Year Built
1
Day on Site
721564
MLS
Money maker!! Approximately nine acres+-, it has four addresses now with potential for more. There are four power poles, two commercial septics and public water. Well needs repair. The three...
$329,900
Subdivision: Gulf Highlands Beach Resort
2
Beds
2F11/2
Baths
1,188
Sq.Ft.
1991
Year Built
1
Day on Site
721566
MLS
Age, SF, and dimensions approximate. Very well maintained ''Glassback'' unit ready to occupy or for investment. Completely tiled downstairs and bamboo flooring upstairs. Close to heated pool. Complex...
$499,900
Subdivision: Venture Out Travel Trail
2
Beds
2
Baths
1,020
Sq.Ft.
2000
Year Built
1
Day on Site
721572
MLS
Rare opportunity to own in highly sought-after Venture Out. This beautiful 2 bedroom, 2 bath has a great open floor plan and flows beautifully! The kitchen is large and open to the living room....
$395,000
Subdivision: Cedar Park Ph I
4
Beds
2
Baths
1,972
Sq.Ft.
2015
Year Built
1
Day on Site
721575
MLS
Beautiful all brick home in Cedar Park! This 4BR/2BA is ready for a new family to move right in. POOL is ready for fun as soon as the weather warms up! Home was built by Timmins Construction in 2015...
$235,000
Subdivision: Villas At Suncrest
2
Beds
2F11/2
Baths
1,253
Sq.Ft.
2007
Year Built
1
Day on Site
721577
MLS
Tucked in the gated community of Villas at Suncrest in Panama City Beach, this two-story coastal condo is conveniently located featuring a 1 car garage, open main living areas with new wood LVT...
$260,000
Subdivision: Ivy Road Estates
3
Beds
2
Baths
1,569
Sq.Ft.
1982
Year Built
1
Day on Site
721585
MLS
BEAUTIFULLY MAINTAINED AND UPDATED HOME in a desirable neighborhood within a few miles of Tyndall AFB! This home features a beautiful kitchen with granite counters, tiled backsplash, stainless steel...

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Phone(850) 774-3670

Email[email protected]

Address Virga Realty, Inc.
2524 Pelican Bay Ct
Panama City Beach, FL 32408

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