It is a subject that is close to and expensive to my heart at this moment in my life. A normal rule of thumb is that it’s secure to supply 5% decrease than the asking price—however you must consult your Realtor, whose knowledge of the market (and probably of the particular house) will likely be higher than yours and who may help you negotiate.
You can always ask the agent if there’s wiggle room within the price, however even that’s unpredictable around right here – there are so few agents that they’re ceaselessly repping both the buyer and the vendor, so there’s something of a tap-dance happening, because the agent of course has a vested curiosity in the highest sale value.
Should you get randomly linked up with a Realtor by, say, attending an open house or scanning a web site like Zillow, take a look at their present listings, their current gross sales, and even ask for a listing of their former shoppers to call as references earlier than formally bringing them on to help you.
If it is not acknowledged in the gross sales particulars and never in your supply, don’t assume it will be there once you transfer in. There have been ocassions the place sellers have taken everything with them once they go away, all the way down to lightbulbs and the fireplace grate.
I do not need to insult anybody with a low-bid, on the other-hand if someone slaps a very high worth on a home (as a result of they don’t really care if they sell it), then I don’t really need to base my offer on that ‘inflated’ price.