Set your offer around the home and your budget, not a townwide percentage alone. I can help you separate useful price context from the details that matter to your particular purchase.
The latest market report covers Wayzata's single-family homes, condos, townhouses and apartments. The typical sale price was $1,265,000, providing townwide context rather than a valuation of the home you choose. Homes sold for an average of 95.9% of their asking prices. Housing supply, measured in months, was 5.54.
I would not turn the average percentage of asking price that homes sold for into an automatic discount. Your offer should reflect the home's condition, relevant completed sales and what you can comfortably afford. Price matters, but financing and inspection requirements deserve deliberate attention before you commit.
Review recent sales of similar homes with me, comparing size, condition and features to assess the asking price. Set the maximum price you are comfortable offering after discussing payment costs and money needed at closing with your lender. Decide which financing and inspection protections you need before preparing the offer.
