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Expert Tips for Navigating the Real Estate Market

My mission at the Smits Team Real Estate is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, I can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

What Should You Look for in a Good Offer?

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Today we are going to answer one of the questions we have been getting asked a lot. A lot of sellers have been overwhelmed by the number of offers they’ve been getting on their homes, and they want to know what a good offer looks like. We’re here today to tell you.

First off, whether an offer is “good” or not depends on a few factors. For example, the price. It the property is priced well and at market value, we are seeing those homes get offers of 95% to 97% of list price. 

In Summit County, most homes sell between 87% and 98% of list price. When the property is priced right, we see people offer anywhere between 92% to 97% of list price, and we usually see negotiation take place as well. We’ve been seeing quite a few full-price offers and offers over list price as well, so that’s something to keep an eye out for. 

If you have any questions at all, don’t hesitate to give us a call or send us an email. We would love to hear from you!