What should I consider when pricing my offer below asking price?
In a nutshell:
While there is sometimes a little wiggle room in a home's price, the real estate market is very competitive right now and we highly recommend keeping your offer within 10% of the asking price.
Anything else to consider?
- Tour the property - If your offer is too low and you haven’t viewed the property, the seller may not consider you as a serious buyer and most likely won't even enter into negotiations.
- Take a look at what comparable houses in the area are selling for right now.
Can Open Listings help with price?
Absolutely! For your offer price, go in strong. Start with a number you feel comfortable with that's still competitive. Then, your assigned buying agent can either start at/under that number to see if the seller will bite or help you re-assess your offer amount.