In the final analysis, how much is It worth to you? Good luck!
Keller Williams Realty
In my area right now there have been several bidding wars. Coaching my clients is always difficult because I always feel they dont believe me 100%.
I always say you have to loose a bidding war to see how it really works. When you win you always feel you paid too much.
I once had a client that bid the asking and won. They then felt they bid to high and made me call to lower their bid by $5000 which I did, then they were no longer the winning bidder and were out. When we called back two days later to say OK we will now pay the asking price, it was too late, the sellers wouldn't go back to them. When it sold they saw it closed for $2000 under the asking price. Seeing is believing.
On the house they ultimately bought they bid what they felt they could afford and would not feel sorry loosing it if it went for more.
You should work with a buyers agent you trust and who is willing to advise you. Every situation is different an experienced buyers agent will know how to guide you.
Prudential Centennial Realty
Licensed Real Estate Salesperson NYS
Margot Bennett, Inc.
Are there still a lot of REO homes being sold in the area? REO properties sales for below market at times so the overall vaule of the area will be affected by them.
Remember if you are using a loan the property has to appraise at the right value.
If you write an offer above market, but it appraises for less or you willling to walk away or are you will to pay CASH for the difference?
Best of luck to you.
Kawain Payne, Realtor
If you would like help or should have any other questions, please feel fre to give me a call.
Thanking you in advance for your attention to this matter.
AnneMarie Encarnacao, SFR, REO
Century 21 Schneider Realty
You need to know where the LISTING PRICE is in relation to the VALUE.
The days of stealing property with a Low Ball offer are gone.
Done waste your time if that's the case.
Make the kind of offer that you would want to see, if YOU were the Seller.