Home Buying in North Canton>Question Details

Megan Stuck, Home Buyer in Canton, OH

What is the average percentage off of listing price when making an offer on a home?

Asked by Megan Stuck, Canton, OH Sun Jan 18, 2009

Help the community by answering this question:



This amount will differ from property to property and in our opinion should not be viewed as a generalized number or opinion.

The best way to determine a fair offer amount is to have your agent provide a list of comps for recently sold similar homes in the same area as the subject home. By analyzing this information and and making comparisons you will be able to generalize a price range that will help you see both a reasonable beginning offer and sale price limit.

Additionally, this information, can also be used during negotiations to justify your offers and defend your positions.

Good luck
1 vote Thank Flag Link Mon Jan 19, 2009
Actually Megan,they did answer your ? I could tell you its doubtful in this mkt, any home will acheive 97% its a matter of putting an offer in w/experienced Realtor and close it up.Let me know what % off you got on your new home Megan.Just keep in mind there is no average,press on.


Web Reference: http://tjroberts.remax.com
0 votes Thank Flag Link Mon Jan 19, 2009
Hi Megan. No one here actually answered you question but don't let that frustrate you.

Everything said so far is completely accurate. The truth is, no one knows how much other people offer on homes so that statistic can't be tracked. What can be tracked is the List Price/ Sales Price ratio and in Columbus, not unlike North Central Mass, apparently, the average is around 97% of the list price.

One thing to remember....that's the list price listed in the MLS, not necessarily the original list price. Good luck. Hopefully your local Realtor will shed more light on that for you.
0 votes Thank Flag Link Sun Jan 18, 2009
Hi Megan, Hiring a buyer's agent that knows the area you are interested in is the first step. He or she can do a market analysis of the home to determine market value and provide you with data that can tell you the average sales price to list price in that particular town or neighborhood. My local area is 96-97% right now.

Good luck,
Darlene Sodano, GRI,CBR,SRES,e-PRO,LMC
Immediate Past President of North Central Mass. Assoc. of REALTORS
0 votes Thank Flag Link Sun Jan 18, 2009
Megan,you should work with a Realtor.Being a buyers mkt. etc...It depends on condition of the home,location,look at recent solds,is seller motivated,this will all combine into what % off the list price.There are alot of factors involved,when arriving at an agreed price,Good hunting.


Web Reference: http://tjroberts.remax.com
0 votes Thank Flag Link Sun Jan 18, 2009
It is important to work with a Realtor while you are searching for a home and during the purchase process. Many factors are involved: location, condition and emotion. Once you've determined an area have your Realtor educate you on the selling comps that are comparable to the home you are looking for. It is so important to find the right home for "you" and make an educated decision on what you will pay for it.
0 votes Thank Flag Link Sun Jan 18, 2009
It's hard to put a percentage on all homes, Megan. You really need a Realtor to run the comps on the home to see it it is priced right. In this market very few homes are priced high the last 6 months, because they will not sell. I won't list a home that is overpriced because it takes too much work and money to market a home that will not sell. Sorry if you wanted a number, but it would not be correct or right to just throw one at you.
Good luck!
Web Reference: http://www.liveinakron.com
0 votes Thank Flag Link Sun Jan 18, 2009
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