Home Buying in 18657>Question Details

kandi, Home Seller in Tunkhannock, PA

how much under the asking price should you offer, without insulting the seller?

Asked by kandi, Tunkhannock, PA Sat Apr 4, 2009

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Answers

7
Even though this was asked almost a year ago the answer remains the same.

The buyer never worried about insulting you with their asking price. You should not worry about insulting the seller by your offer price.

Offer low, and be prepared to walk if that is what you feel it is really worth to you.
0 votes Thank Flag Link Mon Feb 1, 2010
There is no generic answer. Each market is different...
0 votes Thank Flag Link Mon Feb 1, 2010
Every situation is different and this is where a good agent can guide you. Some sellers price their homes correctly and to sell quickly. Other sellers think their home is perfect and ask for top dollar, even when it's not warranted.

Your agent can do a market analysis and compare the home to recently sold properties in the immediate area. They can also research the subject property to see if it's been reduced, any disclosed problems, etc. Once you go over the analysis with your agent, you will know how much under the asking price you can go. Good luck!
0 votes Thank Flag Link Mon Feb 1, 2010
Hi,
10% under asking price is normal for the 18657 area. I would say have your agent give you comps to help determine a price to offer. Call if you wish to discuss more.
Best wishes,
Julie Paddock
Century 21 Sherlock Homes
Tunkhannock PA
My website: http://www.century21paonline.com
My # 570-746-0383
0 votes Thank Flag Link Mon Feb 1, 2010
Kandi,

If you base your offer on sound facts based on recent real estate sales, there should be no concern about offending any seller.

Good luck
0 votes Thank Flag Link Sun Apr 5, 2009
http://activerain.com/blogs/thesomersteam/tags/offer%20price

Kandi,

Your question is the most complex question a buyer can ask! There is not short answer. That is why I have posted the link above for you. It is the answer to your question in a blog post I wrote not too long ago. I hope this helps you!
0 votes Thank Flag Link Sun Apr 5, 2009
That depends....have your Realtor research several things...how long has this home been on the market, has the price been reduced and if so, how many times has the price been reduced, what is the motivation of the Seller, what prices have comparable homes been selling for in the last 60 days. Your Realtor should be able to guide you in regards of a full priced offer if the home is priced right or an offer based on the research done on the home.
Web Reference: http://AlphaOmegaTeam.com
0 votes Thank Flag Link Sat Apr 4, 2009
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