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Percentage off - Offers

Contributions: 2

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I Westchester, NY I've heard of people offering 30% off the list, does anyone have intellegance for LI, particulaly the Port Washington/Manhasset area? Â I'm thinking the marketplace calls for 20-30% off list given how this area hasn't been hit yet.

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April 27 - Manhasset

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Elliot Sirota, "elliotsirota"
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Elliot Sirota, "elliotsirota"

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The market is very local all over the country, but a local agent would be able to tell you the actual pricing by what has sold and they would give you the best place to start the pricing discussion. You can't come up with a 330% off on your own and expect a seller to bite at that. You can offer anything but it should be reasonable if you want a seller to counter that.

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July 11

yfalade
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yfalade

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It is not how and what you bid that matter, it is what the market "bids". Try and find a reliable means of getting what the market value is or get a real estate professional who can find that out for you.

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July 11

Scott Donnellan, "sdonnellan"
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Scott Donnellan, "sdonnellan"

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30 % off of asking price is a perfect way to turn off the seller. There is no general rule of thumb, but it depends on home by home. A 30 % off asking price is an insult to the sellers however and not in your best interest if you want the home. Hire a Buyers Broker to run comps for you. Don't believe the hype the market is not as bad as it is nationwide.

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July 10

Anna Brocco, "anna b"
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Anna Brocco, "anna b"

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There is no rule on how to bid--with that said keep in mind that there are many overvalued properties, at the same time there are many that are priced to sell; bidding wars do exist even in this market. If you are not working with a Realtor now is the time, as you will have real time information at your fingertips.

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April 30

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