Once you find the right house, what kind of offer should you make?
There are a couple of things you should consider.
First of all, look at how long the house has been on the market. If the house just hit the market, the seller won’t be as flexible. So, is the house you want a brand-new listing or has it sat on the market for a little while?
After determining the days on market, you need to find out when the last price reduction was. Again, this will give an idea of how motivated the seller is. If the home has been on the market for a little while and they just reduced the price, we need to determine whether or not the seller will be open to another price reduction in an offer.