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Darlene Davis

Sales Representative
Mobile:(613) 301-1859
Fax:(613) 224-5690

Details Realty Inc., Brokerage

P.O. Box 1024, 1530 Stittsville Main St. info@detailsrealty.ca,
Ottawa ON
K2S1B2
CA

WHAT TO OFFER?

Boy, now this is an area where a crystal ball could make a guy a fortune. Not having access to a dependable, accurate crystal ball, one needs to rely on the advice and experience of their REALTOR®. When buying, it is in your best interest to be represented by a knowledgeable professional.

Many factors come into play in the initial offer, price being what most people get stuck on. Some say always offer 10% less. Unfortunately, this route could end you up in second place on that competitively priced "perfect" home for your needs. And, second place is no fun.  There really is no hard and fast rule, every home and every seller is different.

Things to consider are:

  • How long has the property been on the market?
  • If a new listing, how competitively priced is the property? I've had situations where the home was so well priced, multiple offers are received within days. In this situation, offering a few hundred dollars over list made the difference in owning versus second place. In other situations, it's obvious the property is $20,000 overpriced and a lower offer can be justified and submitted with documentation to back the offer up.
  • Current market conditions can play a big factor. An experienced REALTOR® can advise you accordingly.

What you may not know but can still affect an offer:

  • The Sellers motivation for moving.
  • The Sellers urgency in wanting or needing to sell.

The best advice I would give in what to offer the Seller is "get good advice and listen to it!" Too low of an initial offer could insult the Seller. Too high, and you may be leaving money on the table. This is when you could benefit from the experience of a REALTOR®

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Details Realty Inc., Brokerage
P.O. Box 1024, 1530 Stittsville Main St. info@detailsrealty.ca
Ottawa ON  K2S1B2
(613) 686-6336
Real Estate License # 4733245