A sensible offer needs both a property comparison and a personal limit. I'll help you keep those decisions separate so an asking price does not dictate your budget.
The latest market report covers Macomb single-family homes, condos, townhouses and apartments. Homes sold for an average of 99.1% of their asking prices. The typical sale price was $480,000. The average percentage of asking price that homes sold for does not establish how often homes sold above asking.
I would not apply the average percentage of asking price that homes sold for as a formula for your offer. A reasonable offer range depends on comparisons with similar homes, while your maximum remains a separate financial decision. The offer price alone also leaves out financing and inspection requirements that can affect the risks you accept.
Review recent sales of similar homes with me, paying attention to differences in size, condition and features. Set the maximum price you are comfortable offering before negotiating, rather than increasing it simply to stay involved. Review which financing and inspection protections you need before changing the offer conditions, and confirm the seller's submission instructions.
