Submit a Reasonable Offer to Purchase a Florida Luxury Home

by Michael Hamrac, MBA, MRP, GRI 04/16/2019

Once you find your ideal luxury home in Orlando, Tampa Bay or any other Florida city or town, there is no reason to wait to submit an offer to purchase this residence. Because if you hesitate, you risk losing your dream residence to a rival homebuyer.

Ultimately, there are several factors to consider as you try to craft a reasonable offer to purchase a luxury residence in a Florida city or town. These factors include:

1. The Current State of the Real Estate Market

The luxury housing market in Miami likely differs from the luxury housing sector in Jacksonville. Much in the same vein, the price of a luxury residence in St. Augustine may be significantly higher than the price of a comparable luxury home in Gainesville. But if you analyze the local housing sector closely, you may be better equipped than ever before to submit a competitive offer to purchase your ideal Florida luxury home.

Take a look at the prices of recently sold luxury homes in the Florida city or town where you want to reside. Also, it may be beneficial to see how a Sunshine State luxury home you want to buy stacks up against comparable houses in the area. With this housing market data in hand, you should have no trouble crafting an offer to purchase a Florida luxury home that matches a seller's expectations.

2. Your Homebuying Budget

You likely have a finite amount of money you can spend on a luxury house in Lake Worth, Tallahassee or elsewhere in Florida. If you get pre-approved for a jumbo mortgage, however, you can enter the Florida luxury housing market with a budget at your disposal.

Meet with various banks and learn how a jumbo mortgage works. Then, you can select a jumbo mortgage that matches your expectations. And as a result, when you discover your ideal Florida luxury home, you can immediately submit a competitive offer to purchase this house.

3. Your Homebuying Timeline

It is important to give yourself as much time as you can to find your ideal Florida luxury home. Generally, it helps to establish a homebuying timeline so you can keep track of your progress along the homebuying journey. Of course, if you find a Sunshine State luxury home you want to acquire as quickly as possible, you can always accelerate this timeline.

As you navigate the Florida luxury housing market, you may want to employ a real estate agent. This housing market professional will do whatever it takes to help you achieve your desired results. Thus, if you want to purchase a luxury home near Disney World, a real estate agent will help you evaluate available luxury residences in and around Orlando. On the other hand, if you want to submit an offer to purchase a luxury house in Fort Lauderdale, a real estate agent will make it simple for you to craft a competitive homebuying proposal.

Consider the aforementioned factors closely, and you could receive an instant "Yes" after you submit an offer to purchase your ideal Florida luxury home.

About the Author
Author

Michael Hamrac, MBA, MRP, GRI

Michael Hamrac, MBA, CMR, MRP, GRI, Army Veteran, is a prominent Tampa REALTOR® and strategic leader who combines his skills of real estate with a diversified business background to deliver the highest level of client satisfaction. Prior to full time real estate sales, Michael sharpened his skill for contract negotiation while developing international business relationships for a major Central Florida healthcare organization. His professional career was dedicated to negotiating strategic business affiliations with major hospitals, physician groups, and health insurance companies throughout Europe, the Middle East, South America, Mexico and the Caribbean. Michael also developed and managed private real estate investments.

A seasoned real estate professional with over 12 years experience, Michael is results oriented, efficient, and quality focused while ensuring customer service remains a top priority. Michael, among many accomplishments, is an Orlando Business Journal Top 40 Under 40 award winner, Keller Williams Silver Award winner, and AmeriVet Top Producer.

Grounded with the core values obtained during his military service, Michael works hard to create a positive environment that fosters teamwork and organizational achievement. As an MRP, Military Relocation Professional, and former Army Infantry Squad Leader, Michael understands military relocation procedures and how they impact our service member's and veteran's relocation and housing choices. He will help in finding the housing solutions that best suit service member needs while facilitating awareness of available VA benefits and support.

Education:

MBA, Crummer Graduate School of Business, Rollins College, Winter Park, Florida

BS, University of South Alabama, Mobile, Alabama

CMR, Certified Military Relocator

MRP, Military Relocation Professional Certification, Tampa, Florida

GRI, Graduate Realtor Institute, Tampa, Florida

Expertise:

Home and Property Listing Services, Existing Home Sales, New Construction Home Sales, Income Properties, Luxury Home Sales, Military Relocation Professional, Short Sales, Condos, Townhomes, Vacant Land, and Foreclosures. 

Professional Associations:

National Association of Realtors

Florida Association of Realtors

Greater Tampa Association of Realtors