How Much Should I Offer To Get The House?

A lot of buyers especially the first time buyers have no clue when it comes to what to offer. Often times, they will make such a lower offer that the sellers would think that they are low balling. It will make other offers look good to the sellers and in the end not getting the house. So how do you determine how much to offer? A simple rule of thumb is this. Determine how much you like the house from a scale of 1 to 10. If the house is a 10 for you, then offer full price. You wanted to be sure that you get the house. If the house is a 9, then offer 1% less that the full price, if the house is an 8, offer 2% less, if it is a 7, offer 3% less etc. But if the house is a 5 or below, then it might not be the house for you, move on. It is pointless to offer the house 10% to 15% below asking, you are not going to get the house, unless there is something seriously wrong with the house or it is priced wrongly. So, now you know!