Frequently Asked Question
Quick Answer
There's no universal formula — it depends on how the home was priced relative to comparable sales, how many competing offers exist, and your own ceiling. Offering well above asking on an already-aggressively-priced home can mean overpaying regardless of competition.
There's no universal formula — it depends on how the home was priced relative to comparable sales, how many competing offers exist, and your own ceiling. Offering well above asking on an already-aggressively-priced home can mean overpaying regardless of competition. A comparative market analysis before you offer is more useful than guessing at a round number.
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