How Much Should I Offer on a House?
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The short answer is this: Offer an amount you are comfortable and capable of offering, and be prepared to make your best offer.
This is a loaded question. No two properties are the same. No two markets are the same. No two buyers are the same. I am going to answer this question today in terms of the Cambridge and Somerville market that I work in. Since about the middle of 2012, the Cambridge and Somerville market has been hot, hot, hot. Average sale prices in both Cambridge and Somerville are over the asking price. Bid deadlines and multiple offers are very common. It's not unheard of for someone to bid $100,000+ over the asking price - and come up short. As I said - hot, hot, hot.
Okay, then. Back to the question. How much do I offer on a house? Here's the 3 simple steps to help you decide how much you should offer.
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I am so grateful for all you subscribers, both clients and Realtors®, thank you for watching! If you want to talk to me about Cambridge & Somerville real estate feel free to email me at cc@compass.com or call (617) 733-8937
25 авг 2024
