A Great question that we get asked on a daily basis. How much should I offer?
What types of financing are you using?
What can you “afford” versus what you are “qualified” for?
What kind of repairs does the home need?
Are there any functional issues with the home?
Plus a bunch more. Answers to questions like these will help your Real Estate professional give you the best and most accurate answer to the question of, “How much should I offer?”
My suggestion is this. Make sure you are seeing the actual comparables with your own eyes. Look on the stats and information your real estate agent is using to make their estimation of value regarding the home – condo or townhome you want to make an offer on.
Most real estate agents are successful because they don’t play games in real estate. They don’t toy with their clients hard earned money. They shoot straight from the hip and never let the sun set on a misunderstanding.
However, if you happen to be hitched to the other “type” of real estate agent, you will find out sooner or later.
It’s okay to be sceptical. It’s okay to ask questions. It’s okay if you want to know where the agent had gotten the comparables from. When you are spending a large enough sum of money that it takes 30 years to pay off, you need not be shy.