When making an offer- is there a rule about going in under the sellers asking price?
There is no magic rule about how far “under” the seller’s asking price to offer. Each home should be approached on an individual basis. Some sellers have dramatically overpriced their homes, some have priced them reasonably, and some have priced them at fire-sale-bargain-basement pricing. The key to knowing what to bid, is knowing your local market. Know what comparable homes are selling for, and have sold for (very recently). Be objective about which homes are TRULY comparable.
