What came first the chicken or the egg? What happens when in immovable object meets and irresistible force? What was Whitney thinking when she married Bobby? We may never know the answers to these questions. But I have the answer to yours.

The asking price is irrelevant; the property is worth what the comparable sales say it is worth. Forget the asking price and find out how much comparable properties sold for the last six months. The days on market are irrelevant too. The seller may be ready to sell or they may be unreasonable. Days on market won’t tell you that.

Offer what the comps say a REASONABLE sale price would be for that home. If you need to find out the reasonable sale price...AskRey.

Rey Hollingsworth Falu
Licensed Associate Real Estate Broker
Houlihan Lawrence - Bronxville

Direct 917-855-0277
rhollingsworth@houlihanlawrence.com

This question, in some form or another, is probably the most popular question on Trulia. I'm sure 5 agents are going to answer this after me and say the same thing, with more or less detail but the simple answer is....there IS no simple answer!

The answer depends on how the house is priced to begin with. If the home is WAY over priced, the offering price can be lower compared to the asking price. If the home is aggresively priced, the price shold be close to the asking price.

More than likely, if the house has been on the market for 300 days or more, it is not priced correctly...unless they have been slowly reducing the price or have recently made a drastic price cut.

If you would like specific answers on a specific property, please e-mail or call me at 914-513-9811.

Walt FitzPatrick
Houlihan Lawrence Bronxville
1-914-513-9811
wfitzpatrick@houlihanlawrence.com

try a low ball offer.

is it a short sale? foreclosure? etc