Hi Steve...........ask your Realtor to provide you with a Comparable Market Analysis of the property -- comparing similar homes that are under contract, and more importantly, ones that have recently closed. Remember to compare apples to apples........this will give you a realistic selling price, and this will guide you in your initial offer. Good luck!

Steve - good question to ask your Realtor - but if you're looking for general advice there is no true rule of thumb. Your Realtor should be able to provide you with a list of homes that are currently available and that have recently sold that are similar to the one you're considering to give you a good idea of what the price range for the market is. Another item that might help is having your Realtor check public records to how long the seller has owned the home, what they purchased it for and what their mortgage was when they purchased it. With a little work, your Realtor should be able to figure what their current mortgage balance is which could be a good benchmark to see if your offer is realistic.

New on the market. No adjustments yet. Already have a relator.

How long on the market?
Any price adjustments already made?
What are comps in the community?
Professional flippers understand co-op selling. I'd get a Realtor. The seller pays the fees.