Your offer should reflect the home and your finances, not an automatic discount from asking price. I'll help you separate a reasonable purchase decision from pressure to spend more.
For Tarzana single-family homes, condos, townhouses and apartments, the latest market report lists a typical sale price of $1,301,250. Homes sold for an average of 96.8% of their asking prices. The typical asking price among homes listed for sale was $1,399,500. Asking prices and sale prices describe different groups, so their difference does not establish a negotiated discount.
The average percentage of asking price that homes sold for cannot set your personal offer limit. I would weigh recent sales of similar homes alongside condition, needed repairs and your financing before suggesting an offer. Paying less than asking is not automatically a sound purchase if the total commitment exceeds your comfort level.
Confirm your expected payment and money needed at closing with your lender before choosing the maximum price you are comfortable offering. Review differences in size, condition and features with me to establish a reasonable offer range. Decide which financing and inspection requirements you need before discussing changes to the offer conditions.
