Saturday, November 1, 2014

Home Buyer Tips: Is Offering a Percentage of List Price a Good Strategy When Buying a Home?

While most sellers negotiate (including new home builders) there is no single best way to approach the offer/negotiation process as every seller and every buyer is different.  Of course they all want the same thing - the best deal possible (price, terms).

So should offering a percentage of list price be in a buyer's play book?   Some may consider 90% of list price a good starting point.

It could be but without knowing the specific property and circumstances it is not possible to say.

The short answer:  Never make an offer using a specified percentage of list price.  Homes recently purchased in Brevard County, Florida sold for an average of 92.4% of original list price.    But original is rarely the final list price.

There are many factors to consider when making an offer to purchase a property.

Chief among these is whether the property priced right for the location, market and competition.  The answer to that question is best answered in consultation with your local knowledgeable real estate expert. 
Ready to buy a home in Melbourne, Florida?  Call me at 321-693-3850 if I can help in any way.

 Image courtesy of ddpavumba at