A useful offer starts with the home and your limits, not an automatic bid at asking price. Let's keep both the price and your protections in view.
In the latest market report, Springfield homes sold for an average of 100% of their asking prices. That measure covers single-family homes, condos, townhouses and apartments. The typical sale price was $651,000. Reported housing supply, measured in months, was 1.84 months.
The average percentage of asking price that homes sold for cannot set your personal offer limit. I would build your offer around similar completed sales and the property's condition rather than assume every asking price is justified. Price matters, but changing financing or inspection requirements also changes the risks you accept.
Review recent sales of similar homes with me and identify meaningful differences before choosing a reasonable offer range. Write down the maximum price you are comfortable offering, keeping room for the expenses your lender identifies. Confirm financing and inspection requirements before submitting, and discuss what you would lose by changing those protections.
