What is an acceptable offer on a property?

What is an acceptable offer on a property?

A good rule of thumb though is to offer 5% to 10% lower than the asking price. Don't forget that sellers often take this into account and deliberately put their house on the market for more than they expect or would accept.

Can I offer 20k less on a house?

It is all a negotiation. You can offer whatever price you want. Whether or not they accept that offer depends on the motivations of the seller. ... Offer less then 20k less and try to negotiate to that number.

Should you offer over asking price?

Offer Above-Asking You will have to make your offer strong enough to beat out a multiple-bid situation. If you want the house, you're likely going to have to go above the asking price. ... Making an offer above asking price won't end up costing you much in the long run.

Should you offer the asking price?

There are other reasons for going in with an offer lower than the seller's asking price. ... Remember that the asking price is not set in stone. If you feel as though the property is worth less than what the seller is asking, go in lower, but be fair. Offering half isn't likely to go down well!

Can a seller decline a full price offer?

Enforcing Property Sales Sometimes, one party to a purchase agreement will sue the other party to force specific performance. ... However, in California and most every other state property sellers can refuse even 'clean' full-price offers devoid of any buyer contingencies.

Do Sellers usually accept first offer?

Real estate agents often suggest that sellers either accept the first offer or at least give it serious consideration. Real estate agents around the world generally go by the same mantra when discussing the first offer that a seller receives on their home: “The first offer is always your best offer.”

Can a seller agent lie about other offers?

And if a listing agent chooses to disclose information about the offers they already have received, it's entirely up to the listing agent on how much information to disclose. As a result, the answer to can a Realtor lie about multiple offers is absolutely yes.