Ai218, Home Buyer in North Port, FL

what is a good starting bid in the current market for North Port, Port Charlotte?

Asked by Ai218, North Port, FL Sat Aug 4, 2012

Help the community by answering this question:


Your best answer is going to be from a realtor that can work with you and once you've identified a property the will do a comparable analysis on that particular property. The one thing that you can count on in real estate is that it is a very fluid business changing consistently. So much depends on the property itself, the motivation of the seller and the type of seller whether it be a foreclosure, short sale or regular sale.

Vicki Biehl, Realtor
Century 21 Aztec & Associates
“No Transaction Fees”
0 votes Thank Flag Link Sat Oct 12, 2013
In my opinion a good offer is between 6-8%. Now this does depend on how long it has been on the market, and the condition of the home. Really you need to look and see what the home is worth before you offer. If you offer too low, sometimes, they will not counter at all and just ignore the offer. If your offer is too high, you may be wasting money. Your agent should be able to help you and treat each offer accordingly.
0 votes Thank Flag Link Tue Sep 24, 2013
I bid on a FNMA foreclosuer (condo) which opened at $52k was reduced to $42k. I bid $35k they countered at 40k & accepted 37k.
When the inspection revealed the AC need to be replaced, they reduced price to cover!
0 votes Thank Flag Link Fri Sep 20, 2013
This question was posted in 2012, so the answer would be much different today than it was back then. It really depends on the type of property and location. I usually don't recommend starting under 90% of asking price for a purchase offer. But many homes go above that. Some even go into multiple offer situations and are selling above list price. If you are really looking for a deal, those are hard to come by. Our inventory is down and the market is changing. Auction sites are better for placing bids.

Tammy Hayes, Realtor
Re/Max Palm Realty
0 votes Thank Flag Link Fri Sep 20, 2013
It depends on the asking price of the home.

An interesting statistic for the North Port - Port Charlotte - Punta Gorda area, is that homes are selling for 97% of list price, according to the local board of Realtors.

So I guess what I am saying depends. There are still situations where you would want to start low...but there are other situations where you may expect multiple offers. Depending on the situation, you would either want to come in low...or bid with your highest and best.

I would get the advice of your Realtor, and take that along with a buyers' CMA (comparative market analysis) to make an informed decision.

For more market statistics, check out my blog:

If you do not have a Realtor, I would be happy to discuss this with you.

Jason Ester, Realtor
RE/MAX Anchor
0 votes Thank Flag Link Sun Sep 15, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer