Ask your agent right away how long the house has been for sale. If it’s been on the market a long time, that may signal there are some issues with the property.

As a general rule of thumb, it’s not wise to make a low offer if the house has been on the market for 21 days or less. After 90 days, though, it may be safer to make a low offer (which, may mean something like 90 percent of the asking price).

Your real estate agent can guide you through best practices for houses that have been on the market for more than 21 days and less than 90, where the nuances of what to offer may be trickier to navigate for the uninitiated.

We strive to help with the often difficult task of purchase price negotiations and will always be here to help!

 

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