How to Determine Your Offer Price

Jane Peters - Great advice for home buyers in the Los Angeles area when it comes time to determine an offer price.  The video was great and I like the information on how buying a home is not personal and that a buyer is not making an offer to buy your home and memories, but your house, so take the emotional component out of the negotiations!  Well done!

Jane - Sometimes getting to an accepted offer price can be quite a dance between the buyer and their agent, and the seller and their agent. Most of the time if an agreement is met, the price is reasonable.

Recent sales, the condition and location of the home, as well as how long the home has been on the market will influence the eventual sales price. Also, whether it is a buyers or sellers market will have an impact on sales price as well.

Jane, great article and love the video, working with some 1st-timers who would definitely benefit from wathcing.  Sharing with them now!  Here's to writing some great offers... that get accepted, this weekend!

Jane, I love your words of wisdom.  Work with your agent to know the correct numbers and the current market conditions.  DON'T listen to those goofy late night "buy homes for 30 cents on the dollar infomercials - that's NOT reality!!!!

Cute video and good points about coming up with the price to offer. Hopefully the buyers will be quick about it too, before someone else makes a better offer.

Jane...spot on.

I always remind buyers they've got to make the offer price attractive to:

* the sellers

* the seller's agent

* the appraiser (unless it's all cash)

* themselves

It's got to be a yes/yes/yes/yes or else it won't work.