what % of the list price is an acceptable offer?

  • May 23 2011 - Randolph
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Answers (7)

Definitely have your buyer's agent help you come up with a fair offer price.
  • June 14 2011
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As the others have said, there is no set answer.  If it is overpriced to begin with there is obviously more room but if it is aggressively priced, it may get close or at asking price. Other factors include days on market & how quickly the Seller wants to sell.  Your buyers agent will do a market analysis to come up with a range that makes sense and can best advise you on where to start.
  • May 24 2011
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You received some great suggestions.  Your agent will make sure the offer make since.  Good Luck.
  • May 24 2011
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buyretrex,

Every offer is based on so many factors there is never a one size fits all.  Around here, many properties are getting more than listing price if they are good properties.  Other properties being on the market for years and overpriced who knows?  I recently completed a contract for 82% of list on a great property.  Sometimes the seller is just "ready to sell"!  If you have a smart Realtor, you should be receiving sound advice and counsel. Good Luck!

Shawn
Broker/President
Mariner Realty Group, Inc.
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  • May 24 2011
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Wetdawgs answer is correct. Your buyer agent should be guiding you here
  • May 24 2011
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Profile picture for wetdawgs
There is no general rule of thumb.   we've always come up with an offer price by working with my buyer's agent to get a CMA.   We pour over the numbers and properties ourselves, do some nattering together and then with an agent and come up with a number.

  • May 23 2011
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Profile picture for ExpectFirstClass
buyretrex - There's no way to answer this question.  Without knowing the condition of the property, list price, local market conditions, local comps, location, etc, etc.  Sometimes over 100% is reasonable and sometimes 50% is reasonable.  Every deal is different.

You should work with your Realtor on this...and if you're not working with a Realtor, you can do some online research to see what similarly priced homes are selling for (not what they're listed for).  If you're looking in a particular neighborhood, maybe you can pull data from your local Registry of Deeds (http://www.norfolkdeeds.org).  You could also head down to Town Hall to check out what the Assessor's office has to say about a particular property (though I find tax assessed values to be wildly different than selling values).
  • May 23 2011
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