I agree with the three answers so far. I track data for the major towns in NW Arkansas and for Bella Vista, the average is that homes are selling for 96% of the list price. You can start a little lower if you wish. The 7% idea might not be a bad idea of you want to end up somewhere between the list price and 7% under that.

I would also suggest that you get a buyer agent. In Arkansas for homes listed by a realtor there is no extra charge to have your own agent who will represent your interests and guide you through the transaction. Commissions are already included in the purchase price.

Your buyer agent should be able to guide you in what similar homes have been selling for. When I work with buyers, I do a market analysis to do exactly that. It gives a good indication of what would be a fair price for the property. I also check the county records to see what the sellers paid for the property so we know how much "wiggle room" there is for negotiation. Another factor which may determine price is the condition of the home.

I would be happy to help you if you are not already working with another realtor. Just click on my website below to contact me.

Hi Yamaha,


First of all you should look at the neighborhood and what is the Market Value of that
property that you are going offer: Consult with your agent what is the CMA Compa-
rable Market Analysis, Is the property custom home or Track homes. Be sure
those questions are answered first before you are going to make offer, do not
try to make an offer way below the price or the Listing Agent get insulting. Again
put your self as you are Listing Agent and Buyers Agent

Good Luck,

There really isn't any set percentage per say. What you need to find out is what are similar homes in the area selling at from the original list price. This will give you an idea of what the final selling price should be and at what percentage from list price houses on average are selling at. Once you have an average of selling price, then you can make your first offer accordingly.

as a realtor here in Kentucky, I follow the 7% rule depending on the circumstance. Most good, workable deals in our area usually start in the range of 7% of the asking price and work from there. The 7% offer would usually start negotiations without insulting the seller. In our area,most sales fall in this spread if the house has been priced correctly to begin with. Have your Realtor check sales for the area in which you are looking to see where the majority of the percentage of sales to listing prices lie and then go from there. Hope this helps.