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All Categories > Home Buying
 
Is there any reason to offer more than list price in a buyer's market when there are no previous offers?
C F
Home Owner
Minneapolis, MN

Replies  2 responses  |  Replies Flag Question  |  Posted: Feb 03, 2009 at 10:34 PM  |  Login To Subscribe
 
Answer

Answers ( 2 )
 
Laurie Christofano
Real Estate Agent
Oak Park, IL
Unless there are offers currently on the table, I wouldn't advise offering more than asking price. If you are taking a mortgage out to buy the property, an appraisal will be done. That appraiser will have access to the property's listing history and price, so they will more than likely not appraise it above that price, especially in today's market. All markets are local, however, and I would recommend working with a local, experienced buyer's agent.

Best of luck!

Laurie Christofano
The Pych Team @ RE/MAX In The Village

Feb 20, 2009 at 6:00 PM  |  Flag  Flag Answer As...
 
Richard Sletten
Real Estate Agent
Bloomington, MN
None at all. Most homes, if they've been on the market for awhile, are selling for less than the listing price.

Feb 4, 2009 at 8:10 AM  |  Flag  Flag Answer As...
 


 
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