An offer should express what you're willing to pay and what you need to verify. Let's consider those decisions together before you change financing or inspection protections to make the terms more appealing.
The latest market report covers Fairfax County single-family homes, condominiums, townhouses and apartments. Homes sold for an average of 99.6% of their asking prices. The typical time on market for homes that sold was 14 days. Neither measurement identifies the financing or inspection requirements included in those transactions.
The average percentage of asking price that homes sold for cannot set your personal offer limit. I would consider price and protections together, because changing either can affect the financial risk you accept. The reported marketing time is not a deadline for your decision and does not describe how long closing takes.
Write down the maximum price you are comfortable offering before discussing changes to your proposed terms. Confirm with your lender what financing requirements matter for your purchase and what remains unresolved. Review the inspection requirement with me so you understand what you would give up before changing that condition.
