Prepare an offer around similar sales, your spending limit and the protections you need. I want you to understand what each choice accomplishes before deciding how much to offer or which terms to propose.
In Lakewood's latest market report, homes sold for an average of 98.4% of their asking prices. The typical sale price was $565,000. These figures cover single-family homes, condos, townhomes and apartments. The average percentage of asking price that homes sold for does not identify how many sales were above or below asking.
The average percentage of asking price that homes sold for cannot set your personal offer limit. A particular home's asking price needs a comparison with similar homes before we discuss a reasonable offer range. Financing and inspection requirements deserve separate attention because price alone does not describe your commitment.
Write down the maximum price you are comfortable offering before deciding on negotiation responses. Review recent sales of similar homes with me and discuss differences in condition, size and features. Confirm the seller's instructions for submitting an offer and review which financing and inspection protections you need.
