Are you buying a for sale by owner where there is no listing agent in addition to your not having an agent?
If so then I suggest you pay for and obtain an appraisal from a licensed appraiser to see what the current fair market value of the home is. I highly doubt an agent will just provide you with a market analysis so you can make an offer on the home, and he/she will not be paid to help make the sale happen.
Either that, or if the seller is willing to pay an agent of your choice, GET AN AGENT, and have him/her do the market analysis, then present to offer to the seller.
A buyer and seller with no agent representation can get tricky at best, and just plain bad at worst.... more
There are several 2 family homes currently on the market with a starting range of $325,000 and up depending on repairs and size. There are others just under $500,00 and up needing less repairs. As am a very experienced real estate agent, I am certain I can help you with properties in Ridgefield or anywhere else. Please contact me at any time. Thanks. Harriet Lewis-Trulia Top Recommended Agent-(201)467-5738 and (201)707-5640(Cell) firstname.lastname@example.org... more
You can request that the seller give you a written signed response thru their agent if you are concerned that your offer is not being presented. I do not know your market so I cannot say whether a seller would actually accept $20k-$30k less their asking price. The home may already reduced by $20k-$30k. Sounds like you need to have a heart -to-heart conversation with your agent.
Jeremy S. Hill, Realtor Associate
Keller Williams Realty
1814 Route 70 East
Cherry Hill, NJ 08003
"Your Interest 1st Always!"... more
Great question. No rule of thumb per se. However, in our area, most houses seem to sell for 3-5% below CURRENT asking price. Of course, we are not counting foreclosures in this category-they are a whole other breed.... more
The best "rule of thumb" I could give you is to use a knowledgeable realtor to assist you. That realtor will start with recent comparables and will be personally familiar with these recent comparables in addition to the written information provided from a multitude of sources available to you and the realtor. Secondly, first hand knowledge of additional information such as seller's motivation, seller's plans, anticipated changes in the community, etc will allow you to fine tune your offer using your realtors inside information. In a slower market ,typical today, take the time to negotiate the price. Don't go in with your final price in the original offer, but have a good idea what that final price is to help you avoid an emotional decision.... more