I will join my colleagues here in suggesting that you contact a REALTOR® in the market in which you're looking to purchase a property. As with the other responses, I'm assuming you're not referring to an auction.

In our local market (like many nationwide, I'm sure) buyer's have a lot of power, and a buyer with cash is king. My clients have recently put properties under contract at substantial discounts from the asking price.

An agent who is working for you as your Buyer's Agent should be willing to present aggressive offers on your behalf. Sure, I might reduce my commission by a few dollars in helping you to buy the property at a lower price. If, when it is all over, you know that I worked dilligently with your best interests in mind, then that is worth far more than the few tens or hundreds dollars I reduced my commission.

Hello Ruth,

If you are looking for a home in our beautiful area, I do suggest using a real estate professional to protect your interests and make sure your offer is correctly and expertly prepared and negotiated. Please feel free to contact me if you are considering our area.

As Peggy did, I'm presuming you mean at an auction? If there is a piece of property you want - go for it!!! Again, per Ms. Gabour, you need to do your homework first. Research everything important prior to the auction. You need to establish that the lot is suitable for your intended use first and foremost. A title search would be adviseable and you can do this your self at the respective courthouse (plan on spending some time here if you've never searched land records before). You need to research and establish a range that comparable properties have sold for. Don't mistake the listing (wish) price with actual sold (reality) prices. Live in the real world, your established max offer should be based on actual sales pricing and then add more depending on your want factor.

If prepared, you will be poised

I assume you mean at an auction? From the auctions I have attended and watched I was amazed at how little information the bidders had and in fact paid almost the selling price of the home when listed with a realtor. Do your homework. Find out from tax records with the town/city, what it is assessed for, look up the deed/title - was it ever listed with an agent? what did other properties/lots sell for recently that are similar and in the same general area....Well worth having that information -

Maggie,

First off, this isnt EBAY, you place offers not bids :) Placing offers do not cost you anything when using the Lee Rosa Team, so why not use a professional. Please contact my Team @ 407.227.9182 for a free consultation on this inquiry.