Prepare an offer by deciding what you can afford and which protections matter to you. A strong offer should still be one you understand and can carry through.
In the latest market report, Shelton single-family homes and condos, townhouses, and apartments sold for an average of 102.32% of their asking prices. That average does not show how often individual homes sold above their asking prices. The typical sale price for homes that sold in that property category was $490,000. The latest reported figures put the typical time on market for homes that sold at 44 days, a measure of marketing time rather than time to closing.
The average percentage of asking price that homes sold for cannot set your personal offer limit. A particular home's condition, features, and recent sales of similar homes deserve closer attention than a townwide figure. Price matters, but conditions in the offer, such as financing or inspection requirements, also shape what you agree to do.
Review recent sales of similar homes before choosing a reasonable offer range. Write down the maximum price you are comfortable offering and keep the money needed at closing in view. Review which financing and inspection protections you need before changing the offer conditions.
