How much should I offer on a home?

A question I get often is “HOW MUCH SHOULD I OFFER?” I give my professional opinion based off of the current real estate market! The answer depends on the following things:

• What is the current market like in your area? Meaning what has sold around the desired property in the last 6 months or less?
• What is the condition of the desired property?
• Is it in a desired location?
• How much are you comfortable paying for the property?

The most important question I always ask my clients is:

• Will you be upset if your offer doesn’t get accepted?
• Is this the house?
• On a scale from 1-10 how much do you like this home? (8-10) should be your answer if making an offer!
• How do you feel about the monthly payment?

The answer is do your homework and have a trusted real estate agent to guide you to make the best offer for the home. Feel good about your offer whether it gets accepted or not.

3 Tips on how NOT to arrive at your offer price!

1. DON’T LOOK AT THE TAX RECORDS TO SEE WHAT THE SELLER PAID. THIS DOESN’T MATTER, THE MARKET HAS MOST LIKELY CHANGED.
2. DON’T GO BY THE VALUE WHEN SEARCHING ONLINE. THIS IS ONLY AN ESTIMATE, NOT A TRUE ANALYSIS.
3. DON’T GO IN LOWER THINKING THE SELLER WILL MEET YOU HALF WAY!

The best advice when putting in an offer on a home in this market is:

HIGHEST AND BEST, meaning what you feel comfortable paying for the home of your dreams!

Current market statistic:

Sellers are receiving 100%-!06% of list price in our current market, on average, this obviously can fluctuate up or down depending on your location.