Believe it or not, this is actually an easy question to answer.

Every house here in Stratford CT will sell for a different percentage of asking price. Trying to put a blanket, “You should offer 96% of asking price on every house in Stratford CT” just wont get the job done. It’s too vague of an answer.

Have Your Agent Give You A List Of Comparable Homes To Target The Right Price

What your Stratford real estate agent should do for you is look for similar homes in the neighborhood that have sold recently. Have your real estate agent give you two or three comparable homes that are very similar in features, square footage, property, and location.

Now you’re armed with the knowledge you need to make a strong offer and negotiate confidently in your best interest.

When you get a list of recently sold homes in Stratford that are similar to the one you are considering making an offer on you may be very surprised. Often a seller and their agent have the home priced way above what comparable homes are selling for. If their asking price is $400,000 but very similar homes in the neighborhood have sold in the last few month for $350,000 you will be able to make a strong case for an offer of $340,000.

If you had decided ahead of time to offer a blanket percentage of 94% on every house you like you may be flushing money down the drain. Always ask your agent for a few comparables in the neighborhood.

Always have your agent create a list of comparable homes to help you make strong offers on homes. Not only will it help you decide on what the home is worth but it also will put your agent in a much stronger bargaining position. If you would like a list of comparable homes on a house that you are interested in here in Stratford or the surrounding communities your agent should be happy to do that for you. If you don’t have an agent I would be happy to recommend some good ones to you. Use the contact form below. I’ll get back to you ASAP.

Happy Home Hunting,

Scott

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