Fernando Cortes Realtor

🔥 Pool 🏖️ Home in The Groves 🔥

Impeccably maintained, like-new residence offers 4 bedrooms and 2 bathrooms, a heated pool and spa with a picturesque lake view. Positioned near the end of a cul-de-sac. Notable upgrades completed in 2022 include elegant 24x24 tile flooring throughout, premium carpeting in each guest bedroom, custom closets in all bedrooms and the pantry, modern window coverings, new baseboards and trim, as well as refreshed interior paint throughout. Don’t miss the opportunity to experience the full Florida style in this custom modern home 🏡
Listed at $695,000

TheCortesGroup.com

2045 Mandarin LN, Naples, FL 34120 | MLS #225080029 | Zillow This 2286 square feet Single Family home has 4 bedrooms and 2 bathrooms. It is located at 2045 Mandarin LN, Naples, FL.

Should home buyers care what sellers paid for their property 🏡 🏬 ?

A buyer’s offer should be based on “market value” 📉 not the seller’s cost basis. By the same token, a seller’s attachment to the original purchase price doesn’t change what the home is worth in today’s market.

We recognize that in some instances cost basis *does* affect the seller's position. To be clear, not the "market value" but certainly the “psychology of the seller”.

If a house is overpriced relative to comparable sales, it doesn’t matter if the seller wants to make a profit—the market dictates what buyers are willing to pay.

On the flip side, a seller who bought low isn’t obligated to pass on their savings. A buyer still has to make a competitive offer based on what the property is worth now, not what the seller originally paid.

At the end of the day, emotions and financial positions may influence negotiations, but they don’t override market reality. Just like a buyer’s financing doesn’t impact a home’s value, a seller’s cost basis doesn’t either—it just affects how easy or hard they take the deal.

The Cortes Group | Real Estate Service | Naples, Florida - The Cortes Group Real Estate This website is designed to be our one-stop-shop for real estate in the Southwest Florida area, providing a clear picture about life in Southwest Florida.