An offer should fit both the home and your finances. Let me help you separate a defensible purchase price from a number chosen simply to start negotiations.
In the latest market report, Macomb homes sold for an average of 99.1% of their asking prices. The typical sale price was $480,000. These figures cover single-family homes, condos, townhouses and apartments. The average percentage of asking price that homes sold for does not establish how frequently individual homes sold above asking.
Applying that average percentage mechanically would skip the question that matters: what supports the price of this home? I would weigh similar completed sales alongside condition and features before discussing a reasonable offer range. Your financing and inspection requirements deserve separate attention because the offer price alone does not describe your commitment.
Review recent sales of similar homes with me and identify the differences that could affect your offer. Ask your lender to explain the payment and money needed at closing before choosing the maximum price you are comfortable offering. Decide which conditions in the offer, such as financing or inspection requirements, you need before submitting terms.
