On average how much can you counter-offer when buying a condo in a "buyer's market"?

Answer 1

Here is where it is very crucial to hire a professional Realtor because if the agent that you hired is not giving you advice as far as today's market value so you can make a more educated offer or counter-offer, than he/she is not the right person for the job.

There really is no average, you have to know what your local market is doing in your area and you have to have some negotiation skills as well.

Good luck

Answer 2

a "buyer's market" is a relative term and can vary from one street to the next in the same neighborhood. If you want a feel for what they are going for then you need to do a comparable search of condos in your area and condos in the same building. It is unlikely the builder will vary his pricing unless there is something wrong or less desireable for the particular condo. Like it's next to the elevator or doesn't have a few, etc.


You want to get the average square footage price then base your figure that you are willing to pay on that. Start by offering at least 10% less citing any less desireable features and go from there.

Answer 3

Whatever you want to. There are no "averages". Talk it over with your agent.

But as a buyer, you're not the one making the counter offer. You make an offer and if the seller doesn't like it they counter-offer. And yes, if you don't like that counter offer, then you counter counter offer. Ad infinitum, ad nauseaum.

Answer 4

Try this website

http://www.realtyhelpusa.com