When you’re interested in buying a Spring Texas house, do you wonder how much the sellers paid for it? Or maybe you wonder how much the sellers mortgage is? This is what I call “good to know” information. But that’s all it is.
How much a seller paid for his house or how much he owes on his mortgage has absolutely no bearing on the value of the house or what the seller would be willing to sell his house for. It is “good to know” information and that’s all.
What if the seller paid $200,000 for his Spring Texas house in July of 2010 and now he has it listed for $180,000. Knowing he paid $200,000 tells you he’s losing money on the sale of the house. It doesn’t tell you if $180,000 is a good price or if he will take less than $180,000. It’s “good to know” information and that’s all.
What if the seller paid cash for the house and he doesn’t have a mortgage. Since the seller doesn’t owe anything on the house, does that mean you want the house for “FREE”? Knowing whether the seller has a mortgage on the house is “good to know” information and that’s all.
What you really want to know is what have other similiar Spring Texas homes located in the same subdivision or in the same area recently sold for. Your Realtor can provide you with recent sold data. It is this information that is better than “good to know” information. Recent sold data is what your offer price and the eventual agreed upon sales price should be based upon.
Best Realtor Ever! I cannot harp on how wonderful Jill has been during my new home build purchase! She has... read moreBest Realtor Ever! I cannot harp on how wonderful Jill has been during my new home build purchase! She has gone above and beyond by attending every single meeting that I had (design center meeting, electrical, blue tape meeting, final acceptance meeting, closing). During the design appointment, Jill gave pointers on what upgrades would have the best resell value and how much I would see out of it. It was my first time going through the new home building process so it helped make the meeting way less stressful. Jill has been there for me every step of the process even after the closing! I truly have never met a more passionate, hard working individual! I would HIGHLY recommend! read less