My thought is this. If the house is overpriced for the market then it is a reasonable assumption that one should offer less than what the seller is asking. However if the house is priced under market and has value to the teh buyer then a smart buyer offers asking price to try and avoid another buyer entering the picture. If not then while the buyer is trying to save a few bucks losing the deal. Good luck..
Dick Eckburg, CRS, GRI
If asking 100,000, go ahead and offer 90,000. You will know by how they counter back just how far off you are.
Sandy Tower, Dickerson Nieman Realtors.
We are Realtors in Rockford Illinois. We are also life long residence of this community. Rockford as stated is already (as previously stated) a good value.Our recommendation is utilize a local Realtor to do a market analysis.There is more to an offer than price. Feel free to call or email if we can be of assistance.
In our opinion, you could be in the ball park. However, the best means to gauge the relevence of your offer is to closly examine the comps for recently sold similar property in the target area. This should provide a better understanding of where the current real estate market is at this time.