[ October 10, 2014 ] by Peter Kim
Three Steps to Making an APPROPRIATE Offer on A Home

How Do You Determine What To Offer On A Home?

So you’ve found the home you love and want to know what price is appropriate for an offer in this seller’s market.

Let me make it easier for you using THREE STEPS

  1. An important factor to consider is, determine what your max comfortable budget is and do not exceed this no matter how amazing the home may be.
  2. Find out what the fair market value is. Ask your agent to do a comparable market analysis to determine the actual home value relative to the listed price.
  3. Consider the number of days on market and if it is a multiple offer situation. If it is above 30 days on market and/or there are no other offers on the table, you have room to negotiate on the list price. If it is fresh on the market and it has multiple offers on it, you may have to come in at list price or above.

Remember, the highest price is not always the best offer. Please watch our video on multiple offer situations.

Hope this helps and again this is Peter, your modern expert at ODIGO

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