as mentioned from other agents we would need alot more information specifically an address to help
guide you in your decison. please feel free to contact me directly email@example.com
718-332-8800 for further assistance.
Go by the numbers and area. If you like the home/area & your budget is
If you really want to purchase the property you should offer the full price. If you do not want to offer the full price you can offer anything you like, just bear in mind that the farther away from the price you are, the less likely it is that you will make a deal.
When looking at houses there is no general rule of thumb (i.e. always offer 10% less). You have to look at each property on a case by case basis, look at the price tag on the property and ask yourself, is this a good deal? Based on your answer to that question, you can make your offer accordingly.
If you want to discuss this further and/or want more specific input, feel free to contact me. Good luck!
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Licensed Associate Broker
Accredited Buyer Representative
William Raveis Legends Realty Group
You should base your offer on current market value of the property, not list price. Have your Realtor do a Comparative Market Analysis (CMA) using SOLD comps within a 1 mile radius of the property (the closer, the better) that have SOLD within the last 3 months. This will give you current market price.
There is absolutlye no correlation between what someone asks and what they ultimately sell for, sometimes their not priced right and there ends up being a large discount, other times, their priced right and there's multiple offers and little or no discount off of asking price. This is why a good local buyer broker can be invaluable.
Real Estate sales are data driven transactions. If you aren't sure how to find a great buyer broker check out the link I've attached.
Best of luck to you.
Some sellers are motivated and price their home very well or even lower than the market so that they can get a quick sale. Others who are not motivated price their property over market value and then try to negotiate. Have your real estate agent run the comparable properties in the area and then present that information to you. If the home is over priced and should only be worth 450k, then submit that comparable properties report with your offer. If the numbers show the property to be worth 525k, then offer the full 500 and be happy you are getting a deal.
It is all in the numbers. You have to know what those are to make an informed decision.
Best of luck to you!