Mrs.I

Great question, please give me a call and I would be happy to talk you thru the process and give you insight as to how an offer could be written depending on the price range of the home.

Greg Zavitz-Realtor
Coldwell Banker Heart of America
309-275-4734

I think a professional on your side would be extremely helpful, when it comes to how to present that very first offer, how to negotiate thereafter etc.

The Realtor, will not only pull listings that have recently sold, the agent has seen a lot of properties, and when YOU the buyer look at properties you look at them with an eye on what you like or what you do not like, your Realtor would be looking at upgrades, floor plan, location, lot size, updates, construction and many other issues that could influence pricing.

But that said, it does not seem that at this time you are working with an agent, although I strongly suggest you do find a good area buyers agent, to assist you, No Seller should be offended when receiving an offer.
An offer means just that, it is an offer, an offer to negotiate and to come together at terms and a final sale price that both sides can live with....
The way these feelings of "overprice", "my house is worth more than that", "what is this buyer thinking making such a low offer" etc. etc. are taken out of the process and the negotiations about details, personal feeling will not enter if each side has an Agent working on their behalf and in their very BEST interest~

Are you making an offer to a For Sale By Owner?
Just wondering or if there is an agent on the other side!

Best suggestion still is get an experienced area Buyers Agent to assist you in making all these decisions easier for you.

Good Luck to you!
Edith Karoline - YourRealtor4Life!
Working always in the very BEST interest of her clients!
EdithSellsHomes@yahoo.com

Dear Mrs. I,
That can be a complicated question. Best to be handled one house at a time. Your REALTOR will research the property and be able to advise you from a more educated perspective. Our market here in B/N is actually pretty strong. Resale properties are only down 2% from last year. New construction is the area that has taken the biggest hit.
Overpriced could have something to do with the sellers' debt on the house. It is often very important to stay in a home for at least three years to be able to recover your investment. In recent times even longer is better.
If you would like to discuss further please feel free to call.

Dear Mrs. I,
That can be a complicated question. Best to be handled one house at a time. Your REALTOR will research the property and be able to advise you from a more educated perspective. Our market here in B/N is actually pretty strong. Resale properties are only down 2% from last year. New construction is the area that has taken the biggest hit.
Overpriced could have something to do with the sellers' debt on the house. It is often very important to stay in a home for at least three years to be able to recover your investment. In recent times even longer is better.
If you would like to discuss further please feel free to call.

When you are working with a professional real estate professional part of the services you receive should include doing a CMA of the property you are intersted in. This should assure you of the value of the home you are interested in as well as aid you in putting an offer together that is acceptable to the seller. There are of course many facets of the CMA that your agent would share with you. If you need any assistance please feel free to contact me.