This is happening more frequently. The house is priced lower than market value creates a bidding more. For me personally, I just keep moving. I won’t even look at it because I’m not getting it any bidding war. Don’t want anything that bad.

@DavidMonty

5 ай бұрын

Just so you know, if you ever find yourself in a multiple offer situation there is a way to take emotion out of the process and submit one offer using an escalating offer.

@douglasstone3813

5 ай бұрын

There are no bidding wars above 7% bro those days are yesterday. People are now selling for tens of thousands less than they paid in Peak Covid Hysteria.

I had family buy in The Villages in 2007 they saw their home value drop in half before it recovered years later, this time will be the same or worse as Boomers are aging out and they are the housing market we X'ers are a small group.

Great video, Ty. How much value, roughly does a golf cart garage add to a home?

@DavidMonty

5 ай бұрын

That is the next video :) If the home is vinyl about $25k, if its stucco about $30k.

@Peter-tc2gm

5 ай бұрын

@@DavidMonty can’t wait for the next video! They are always informative, keep them coming.

Thank you great advice . So can you recommend how I can do a analysis myself before listening ? Thanks

@DavidMonty

5 ай бұрын

If its local, i can do it for you. Just send me the address. If you are out of state, you can use realtor.com. Search homes near your home that are about the same size. Adjust the homes by price per square foot, then go through the pictures of the homes near you to compare their homes to yours. The problem is that you would need to know the market to know home much to adjust individual features.

Hi David, really informative video and I hope other agents do the market analysis you do. A couple of question for you. First, would you rate your market analysis comparable to that of the underwriters appraisers? Second, do buyers/sellers (including agents) have the ability to hire comparable appraisers?

@DavidMonty

5 ай бұрын

I get called to do Broker Price Opinions by out of state banks. These are not full appraisals, banks will use these when there is a large down payment, so they dont have to be as precise. But, in my opinion what I do is as accurate. The appraisers are much more detailed but, but the results are very similar. Pricing is not an exact science, so no matter who is going them, there were will be variances. Playing golf you have a 150 yard shot, so I am going to high an 8 iron. The expert comes in and says, you have a slight breeze from the left into you, it is playing down hill, it is a cooler day so the ball wont travel as far - you should play your 8 iron. You can hire an appraiser. But, you would need to specify in the contract that the deal is contigent upon appraisal, and how close that appraisal needs to be to the contract price. In general, a market analysis before submitting an offer should suffice.

Does your wife have a website or Instagram/Facebook?

@DavidMonty

5 ай бұрын

It is Monty Creative Design on Facebook.