When you’re buying a home, how can you tell if you got a good deal or not?
Real estate agents might say it’s a good deal…
The seller might say it’s a good deal…
But is there a way that you can run the numbers for yourself?
Well, at Simple Home Offer, we’ve been buying and selling real estate in Woodburn, Oregon for a long time now… and we’re pretty darn familiar with the market here.
In fact, the success of our business requires that we always run the numbers on properties to make sure that we’re staying profitable.
Want to know how we do it so you can do it, too?
Here’s the gist!
Determine Fair Sales Price — The easiest way to determine the market value of a home is to look at the sales price of other similar properties in the neighborhood that have sold within the last 3 to 6 months. The more recently they’ve sold and the more similar they are (in quality, square footage, location, and number of beds/baths), the more accurate their sales price will be for determining another property’s real value.
Deduct Cost of Repairs, Updates, Etc. — If the property you’re buying needs a lot of repairs or updates, then it’s important to deduct those costs from the fair sales price you came up with. This is a step we take very seriously ourselves — when we evaluate a Woodburn property to buy, we always factor repair costs into our offer before it ever reaches the seller.
Consider Agent Commissions — Also consider agent commissions and closing costs. These will make a big difference in whether you get a good deal or not.
Hope that helps!
If you have a house that you want to sell fast, give us a call at 503-379-9572. We can make you a fair cash offer, purchase your home as-is, and close in as little as two weeks!
About Simple Home Offer
Simple Home Offer is a family-owned real estate solutions company helping Oregon homeowners sell their houses quickly, easily, and for a fair cash price — without the hassle of listing, showings, or agent commissions. Whether you’re facing foreclosure, dealing with a burdensome property, navigating probate, or simply need to sell fast, our team has purchased hundreds of homes and knows how to put together a win-win offer. We pay all closing costs, cover any needed repairs, and can close in as little as two weeks. Give us a call at 503-379-9572 to get your free, no-obligation cash offer today.