Buyers ask us this often: Is there a percentage a seller will mark - TopicsExpress

Buyers ask us this often: Is there a percentage a seller will mark up the price of a home? For example, if the asking price is $111,000 is an initial offer of $90,000 too low? Although you can always offer whatever you want, yes, $90,000 is generally too low & no there is not a certain percentage sellers mark up. Before you make an offer, get your Realtor to go over the comparable sales of other similar homes in the same neighborhood. That is the same data the seller looked at. Make certain allowance for whether houses are selling briskly or slowly, & make an offer based on that data.

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