Home Buying in Myrtle Beach>Question Details

janemartin20…, Home Buyer in Myrtle Beach, SC

If a home is listed $20,000 above comps in the same community, is it reasonable to make an offer consistent with the comps?

Asked by janemartin2013, Myrtle Beach, SC Wed Jul 31, 2013

Help the community by answering this question:


Yes, it is reasonable to make an offer consistent with the comps. It is a standard practice to use comparable that are no more then 6 months old as Mike stated below. If you have a good agent representing you they can advise based on the condition, comps, location ect. It is in your best interest to deal with a buyer's agent who can sit down & go over the comps with you.
Christine House
Century 21 Broadhurst & Associates
843-215-6831 Direct Line
609-339-0916 Cell
0 votes Thank Flag Link Thu Aug 1, 2013
Dear Jane,

If the comps are 6 months old or newer, than yes, an offer in line with the comps is reasonable.

Please give me a call or send me an email and I'll go into more detail. (843) 333-1059

Thank you,
Michael J. Costello
Sea and Sand Realty
Myrtle Beach, SC.
(843) 333-1059
0 votes Thank Flag Link Thu Aug 1, 2013
It depends on the comps. If your agent has seen the comps, he/she can tell you the differences in each comp. The house you are looking at may be better or worse than the comps. And you should bid accordingly.

Bob Musitano
0 votes Thank Flag Link Thu Aug 1, 2013
That's a great question and a good reason to hire a Buyer's agent. There is no cost to you in South Carolina when you have your own agent and it's always best to have an expert represent you. I'd be happy to help if you're not working with someone already. 843-446-2378 or Jensellshouses@yahoo.com.

Joseph is absolutely correct, it really depends on the upgrades of that particular house. Also, some of the recent comps may be distressed properties that skew the numbers. As Jill said, you can make any offer you want and the Sellers can accept, reject, or counter. Good luck!
0 votes Thank Flag Link Thu Aug 1, 2013
Probably. It depends on why it is listed higher. Maybe there are more amenities. Like maybe it has granite counter tops and a master bath with double sinks and a jacuzzi. Just make an off and find out if they will take less.
0 votes Thank Flag Link Thu Aug 1, 2013
Maybe. It depends on how recent the comps are, how quickly your market is moving and the condition and location of the recently sold homes versus the property on which you're considering placing an offer.

You can always make the offer; it will either be accepted, rejected or countered.
0 votes Thank Flag Link Thu Aug 1, 2013
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