Asked by Steve, Chagrin Falls, OH • Thu Oct 25, 2007
We are first time home buyers. We have been pre-approved with 4 lenders and great interest rates with zero points. We're looking at making an offer on a house in Ravenna. On average how much lower than asking price should our initial offer be? I know there are many factors to be considered but I was wondering if someone could give me a ball park. Say the house is being sold by professional house flippers. Should we low-ball to start? More than 10% off list? Thanks!
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