But Ron makes an excellent point. That question assumes that the asking price in some way reflects the value of the property. It often doesn't.
Example: There's a house priced at $100,000. It's really worth $90,000. You make an offer 6% under the listing price--for $94,000. Your offer is accepted. Great . . . except you've overpaid by $4,000.
Never, ever start off from the list price. Ask your Realtor to do a CMA on the house to determine its value. Then: Pay no more than the CMA. Probably offer less.
In the example above, your Realtor does a CMA and determines that the real value of the house is $90,000. So you resolve to pay no more than $90,000. You might offer less. See: The listing price doesn't even enter into your equation.
Hope that helps.
Each home, each property is a different transaction. Each owners motivation is different, each owners equity is different and each buyer's motivation and love the house varies dramatically.
But boy, it sure would make it easier if there was, wouldn't it?
Sometimes, Often in fact, the LISTING PRICE is a number picked out of the air and bears no revelance to the Market Value of the house.
You do know what the Market Value of the house is, don't you?
You'd better find out if you don't.