Home Buying in Little Elm>Question Details

cgmercado68, Home Buyer in McKinney, TX

what is the average porcentage of negotiation when ahome is listed,. new built or resale.to make an offer . Is there any type of rule of thump?"

Asked by cgmercado68, McKinney, TX Mon Jan 14, 2013

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Hi cgmercado68,

No, there is no rule of thumb. The best way to know what to offer is to have your Realtor do a Comparative Market Analysis (CMA) on the property using SOLD comps within a 1 mile radius of the property (the closer, the better) that have SOLD in the last 3-6 months. This will give you current market value - this is what you should base your offer on.

Shanna Rogers
SR Realty
1 vote Thank Flag Link Mon Jan 14, 2013
We show you that for the neighborhood when you are ready to right your contract.
For years it has been average about 3% discount from list to sales price for the DFW metroplex.
Each situation is unique though. We've probably been involved in many transactions that discounted from 20-50% on the buyer side to ones that sold over list price by a few percentage points....2-3-4% so it just depends on the property, the demand, etc.

My guess in this market over the past 3-6 months it is probably getting closer to 1-2% discount as we see competition for many homes, multiple offers and such, so that many sell at list price or over. Not all, but we do see it fairly frequently these days.

We also look at a lot of other factors when helping you decide what to bid....before you ever even make the offer.
1 vote Thank Flag Link Mon Jan 14, 2013
Bruce Lynn, Real Estate Pro in Coppell, TX
Each home stands alone THERE IS NO % or rule of thumb.

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor

Multimillion Dollar Sales Producer

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0 votes Thank Flag Link Mon Jan 14, 2013
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