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Is their a rule of thum as of how much to take off on a house when making an offer?

Mon Jun 30 2008, 08:19 - 07657 - Home Buying - 2 answers
 
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LIDIA
Home Buyer
in 07657
LIDIA, Home Buyer in 07657 in 07657
Answers (2)
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Chris Klebba was FIRST TO ANSWER
Chris is right, most homes do sell for a little less than asking price. In New Jersey that varies greatly from town to town. i suggest you find a Realtor and ask for the figures on list price, sale price and days on the market. Another to consider, if you are planning to ask for a sellers concession for a down payment , you might have to go a little higher. Best of luck! If you need an agent in Hasbrouk Hgts, give me a call.

Mon Jun 30 2008, 11:06
Web Reference: http://www.betterhomes-LauraG.com
 
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FIRST ANSWER
Great question. No rule of thumb per se. However, in our area, most houses seem to sell for 3-5% below CURRENT asking price. Of course, we are not counting foreclosures in this category-they are a whole other breed.

Mon Jun 30 2008, 08:21
 
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Is their a rule of thum as of how much to take off on a house when making an offer?
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