So you’ve found a home you love, now the big question is what should you offer? Do you offer asking price? Take 5% off, 10% off? There is no set formula. You need to look at several things before deciding on an offer price.
Find similar homes that have sold recently.
Compare them to the property you want to buy. Find homes in the same area, of similar size with the same upgrades. Is this home priced much higher than other homes that sold recently? In today’s market sellers are trying to take advantage of higher prices. You need to compare those prices to recent sales determine you offer and not just rely on their list price.
Look at the homes that are under contract.
Especially in an appreciating market like we’re in right now you can’t rely…
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