Key takeaways
Property condition, time on market, and seller circumstances heavily influence how much you should offer
Research comparable sales in your area to justify your offer amount and avoid overpaying
Chain-free buyers and cash purchasers can often negotiate more aggressively due to their certainty advantage
Set your maximum budget before negotiations begin and be prepared to walk away to avoid overpaying
You may have spent weeks, or maybe months trying to find your dream home, and now that you’ve found it, you might be wondering ‘how much should I offer?’.
The asking price might not always be the right price. Offering above or below could be the right choice. We’re going to break down what to consider when you’re putting in an offer on a house.
Many buyers will offer between 5% and 10% below the asking price to start, though the right amount depends on market conditions, property specifics, and your circumstances.
Typical offers range from:
There is never a ‘right’ option or a go-to percentage above or below an asking price. Every property purchase is unique, meaning that every offer will be. You’ll need to consider your situation, the market conditions, the property, and your budget to come to an offer that feels reasonable.