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- Answer: Again, your real estate broker can help you here. But there
are several things you should consider: 1) is the asking price in line with
prices of similar homes in the area? 2) Is the home in good condition or
will you have to spend a substantial amount of money making it the way you
want it? You probably want to get a professional home inspection before you
make your offer. Your real estate broker can help you arrange one. 3) How
long has the home been on the market? If it's been for sale for awhile, the
seller may be more eager to accept a lower offer. 4) How much mortgage will
be required? Make sure you really can afford whatever offer you make. 5) How
much do you really want the home? The closer you are to the asking price,
the more likely your offer will be accepted. In some cases, you may even
want to offer more than the asking price, if you know you are competing with
others for the house.