Home Buying in Fairfax>Question Details

Halley S., Home Buyer in New York, NY

How do I know if I should offer more or less than the listing price in Fairfax?

Asked by Halley S., New York, NY Mon Apr 23, 2007

Is there a difference if I'm looking for a single family home versus a condo, or some other type of property?

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The competition for different homes in Fairfax varies. If it's a home in the 'flats' with sidewalks and a yard, it will likely be competitive. Likewise for entry-level condos and townhomes. On the other hand, if it's a classic Fairfax hillside home, even with views, the competition is generally much less, as there is a smaller population of buyers for which the home might be suitable.
1 vote Thank Flag Link Mon Apr 23, 2007
Halley,

If the property is a steal, well... figure it is a steal and that the listing agent is fishing for multiple offers. If it looks like a square deal why offer asking price when virtually nothing sells for asking price today?
Your agent will provide very best information, assistance and guidance. If you don't get it...

If you're enamored with Fairfax consider expanding your geographic parameters a bit. There are some coterminous communities/neighborhoods that may tickle your fancy.

Regardless of the type of property it is a buyers market and offering asking price is generally unnecessary. Again, your agent is your main and best source since we've all access to the same information. The only differences between agents are intelligence, experience, integrity and diligence.

More questions??
Web Reference: http://www.REALTZ.com
0 votes Thank Flag Link Thu Jun 25, 2009
Halley I must admit....

I think you are part of trulia after perusing your profile.
Tracy ca? and Kentfield questions? hmmmm very strange

If your selling agent gifts you 1/2 of their seller-paid commission in escrow to help you afford more home, then you can
offer a bit more maybe if there is competition for your dream home in Fairfax.
Some brokers are doing very good things to make home buying more affordable in marin.
Some conditions I think may apply, such as working in marin to avoid crazy commutes.
Good luck Halley and since my Mom grew up in Tracy in the 20s and I know first hand- Marin is nicer.
0 votes Thank Flag Link Wed Jun 24, 2009
The answer is always "what is the competition for the home?". It the listing is fresh and there are other bidders, you probably will have to offer over asking. If the listing has been on the market for quite some time, you could offer less. Realtors working in the market will have the best insight to what it takes to be the successful bidder on a home.
Web Reference: http://www.LiveInMarin.com
0 votes Thank Flag Link Tue Jan 15, 2008
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