Should You Accept an Offer to Purchase Your Florida Luxury Residence?

by Barbara Haley 03/04/2019

If you receive an offer to purchase a luxury home in Lake Worth, St. Augustine or any other Florida city or town, it is important to evaluate your options closely. That way, you can make an informed decision about a homebuying proposal.

Ultimately, there are many reasons why you may want to accept an offer to purchase your Florida luxury home, and these include:

1. The offer to purchase matches your expectations.

Entering the Florida luxury housing market with realistic expectations usually is a good idea. Because if you establish expectations in advance, you can map out your home selling journey accordingly. And if you receive an offer to purchase your Florida luxury home, you can instantly determine whether this proposal matches your expectations.

Of course, it often helps to review Florida luxury housing market data before you list your residence. If you understand the luxury housing sector in your hometown, you'll be better equipped than ever before to enjoy a seamless property selling experience.

2. The offer to purchase enables you to earn a profit from your home sale.

If you receive an offer to purchase at or above your Florida luxury home's initial asking price, you may want to accept it. This proposal likely will allow you to profit from your home sale. Meanwhile, you can even use the earnings from your Florida luxury home sale toward the purchase of a new residence.

As you get set to price your Florida luxury home, keep in mind that the prices of properties sometimes vary based on the city or town. Thus, a Miami luxury home may be more expensive than a comparable residence in Gainesville. On the other hand, a Coral Gables luxury residence may be more affordable than a similar house in Orlando.

3. The offer to purchase allows you to quickly sell your house.

If you want to accelerate the Florida luxury home selling journey, you may want to accept an offer to purchase right away. By doing so, you can move closer to selling your home and relocating to a new address.

Although you want to quickly navigate the Florida luxury house selling journey, there is no reason to accept a "lowball" offer to purchase your home. Fortunately, if you work with a real estate agent, you can differentiate a fair offer from a lowball proposal.

A real estate agent can help you set a fair initial asking price for your Florida luxury home. Therefore, if you own a luxury residence in Tallahassee, Fort Lauderdale or another Florida city or town, a real estate agent can help you establish an appropriate initial asking price based on your house's age and condition. And if you receive an offer to purchase your Sunshine State luxury residence, you and your real estate agent can work together to determine whether to accept this proposal.

Weigh the pros and cons of any offer to purchase your Florida luxury home, and you can make the right choice based on your individual needs.

About the Author

Barbara Haley
Barbara epitomizes integrity, energy, determination & creativity during every real estate transaction. Barbara's extensive knowledge of the local residential real estate market is unparalleled. She specializes in applying her expertise and market knowledge for the benefit of her clients. Her clients trust her judgment and consistently seek her advice on deals up to several million dollars. Barbara is known as a skillful negotiator and will persevere to overcome any obstacle that is placed in front of her. Her attention to detail and honesty is paramount. Barbara keeps her clients updated every step of the way with consistent communication and prides herself on giving all of her clients the most precise information on the state of the market and local real estate trends. Barbara's personal passions include extensive travel, fitness and giving back to the community. She has visited 100+ countries in five out of the seven continents worldwide. Barbara completed her first full marathon in 2009 in San Diego with Team and Training while personally fundraising $5,000 for the benefit of the Leukemia & Lymphoma Society in memory of her grandmother. Fast forward to October 1st, 2016, Barbara completed her first full Ironman 140.6 distance triathlon in Cambridge, MD while personally fundraising $2300 in support of colon cancer research in memory of a dear friend. Barbara is well known in the real estate community for using the same drive, tenacity, and determination that she uses to complete Ironman triathlons in bringing even the most challenging real estate transactions to a successful closing.