Mary Jo,
If the seller has a good agent, and listened to the advise of that agent, most homes are priced 1 or 2 percent above what they expect to receive as an offer. There are always exceptions to that. I advise that you contact an agent in your area that can help you determine what the offer should be since this is always based on current market value. I can refer you to an agent in your area. Just contact me at Fred.Olson@ERA.com.

A real estate professional in your area can provide you with the "List to Sale Price" ratio for your current market. For example if a home is listed for $100,000 and the ratio is 95% the home would likely sell for $95,000. A real estate professional can also determine the market value on the home based on recently sold comparables in the area.