WHAT KIND OF OFFER SHOULD A BUYER MAKE?
AN offer must be reasonable. It is recommended that you discuss with your agent the price range of this property by comparing with recently sold or newly listed properties in the same area. Given the price range, you must decide whether you are really interested or not and whether you are willing to pay a reasonable price within the price range. The direction of the market must also be taken into account when purchasing a home. When the market is strong, you might want to offer a little more than the price range in order to compete with other customers. When the market is declining you may want to offer a little less than the property’s price range. Just make sure it is a property that you truly desire and that your offer is reasonable given the circumstances.