How Much Should You Offer on a House?

comparable homes

How Much Should You Offer on a House?

offer on house

 

What is the perfect offer? You want a deal but you also want the house. If you offer too low, the seller may be offended. If you offer too high, you could have missed out on a discount or lower price with negotiations.

 

Here are some tips to think about before you submit your offer:

 

1. Look at Comparablescomparable homes

What is the average price per square foot in the neighborhood? What have recent similar nearby homes sold for? Are there repairs needed or recent updates that could affect the purchase price? Your realtor should have researched these aspects and if they haven’t, urge them to or find another realtor. Knowing what similar homes are selling for will give you an idea of the fair market value.

 

2. What can you afford?

Do not offer more than you can afford and you may want to offer a bit less than you can afford in case they counter back with a higher offer. If you are looking at a home above your price range and hoping they will accept your lower offer so you can afford it, be prepared to walk away.

 

3. How long has it been on the market?

If this home has been sitting on the market more than 2 months without any offers, than maybe it is priced wrong or there is something that is turning buyers away. You may be able to get the price down if it has been sitting for a while.

 

submit offer4. Make your offer an odd number

This may sound strange but round numbers sound like every other offer out there. Going with an offer of $281,900 or $283,000 instead of $180,000 may actually stand out and make the seller think you have really thought through your numbers.

 

5. Make an escalation offer

This is a clause you can put in your offer stating you will pay X amount more than another offer up to certain amount. For example, you offer $155,000 but your escalation clause says you will pay $1,000 more than another offer up to $165,000. This helps your offer stand out in a situation of multiple offers but also keeps you from having to pay more than what is needed for a home. If this escalation clause is put into action, the sellers usually must show you the other offer as proof.

 

We hope these tips help you figure out how to make a better offer on your dream home!

 

If you are looking to buy or sell in the Northern Virginia area, this is a great time! Please give our team a call! We would love to help you find your dream home!

 

Jennifer Young Homes

Keller Williams Realty

703-400-6757

 

 

Price Reduction on Gorgeous Estate in Clifton VA!

11634 CHAPEL RD, CLIFTON, VA 20124

11634 CHAPEL RD, CLIFTON, VA 20124

11634 CHAPEL RD, CLIFTON, VA 20124

Light filled & spacious 6 BR, 5.5 BA home w/3 car garage nestled on lovely treed lot! Two story foyer, overlook, 2 MBRs, 1st on main w/lux MBA. 4 BRs, 3 full BAs + bonus rm up. Hdwds, 9′ ceils, study, sunrm, dual stairs, butlers pantry. Gourmet kit w/lge brkfst bar opens to 2 story fam rm w/FP. Walk out LL has rec rm w/FP, wet bar, 6th BR, full BA + media rm. **$10K towards Granite or subsidy.**

Prior List Price:  $1,289,900

New List Price:  $1,269,900

 

If you are looking to buy or sell in the Northern Virginia area, this is a great time! Please give our team a call! We would love to help you find your dream home!

 

Jennifer Young Homes

Keller Williams Realty

703-400-6757

 

JUST LISTED and FIRST OPEN HOUSE! May 17th, 1-4PM

02 - Jane Way

5815 Jane Way 

Alexandria, VA 22310

List Price:  $724,900

6 Bedrooms

4 Bathrooms

FIRST OPEN HOUSE – SUNDAY, May 17TH 1-4PM

Main level In law suite with full kitchen, living room, bedroom and full bathroom!  Hardwood floors and new carpet throughout. Family room with wood fp, remodeled eat in kitchen w/new cabinets, granite countertops and newer appliances. Sliding glass door to rear deck w/stairs to backyard. Large master suite with remodeled master bathroom and remodeled second full bath plus 4 additional bedrooms on the upper level. Fully finished walkout basement has wet bar, rec room, office/den and full bath. Newer windows, gutters, new HVAC and more! A commuter’s dream!

Virtual Tour: http://tours.dscreativegrouptours.com/343753

If you are looking to buy or sell in the Northern Virginia area, this is a great time! Please give our team a call! We would love to help you find your dream home!

Jennifer Young Homes

Keller Williams Realty

703-400-6757

First Open House! SFH in Woodbridge – Sunday, May 17th 1-4PM

01 - Boatswain Cir

16495 Boatswain Circle

Woodbridge, VA 22191

List Price:  $489,900

PW8619242

4 Bedrooms

3.5 Bathrooms

FIRST OPEN HOUSE – SUNDAY, MAY 17TH 1-4PM

This impeccable brick front home has it all, over 4,200 sq. ft. of living, stunning 2 story foyer, hardwoods, tray ceilings, formal living room and dining room. Bright open gourmet kitchen w/granite counters, large island, stainless steel appliances opens to morning room leading to rear deck! Family room has cozy gas fireplace. Master bedroom has enormous walk in closet, luxurious master bathroom + 3 more large bedrooms & full bathroom up! Walk up lower level has rec room, den/5th bedroom & full bathroom. New carpeting!

Check out our virtual tour!

http://tours.dscreativegrouptours.com/public/vtour/display/332006?idx=1

If you are looking to buy or sell in the Northern Virginia area, this is a great time! Please give our team a call! We would love to help you find your dream home!

Jennifer Young Homes

Keller Williams Realty

703-400-6757

OPEN HOUSE SUNDAY– 3BR/2FBA/2HBA TOWNHOME IN SOUTH RIDING!

42915 Overly Square Chantilly-MLS_Size-001-Exterior-2048x1536-72dpi

42915 Overly Sq

Chantilly, VA 20152

List Price:  $429,900

LO8614832

3 Bedrooms

2 Full Bathrooms, 2 Half Bathrooms

FIRST OPEN HOUSE – SUNDAY, May 17TH 1-4PM

Incredible & immaculate brick front TH w/2 car garage loaded w/upgrades! Hardwoods throughout, 9′ & vaulted ceilings, skylights, moldings. Open floor plan w/LR, DR, gourmet kit w/42″ cabinetry, granite. Sun filled brkfst rm opens fam rm w/FP & leads to large Trex deck. Soaring ceilings in all BRs, MBR w/2 WI closets & lux MBA. BR level laundry. Walk out LL has 9′ ceil, rec rm & leads to rear yard.

 

Check out our virtual tour!

http://slideshow.mris.com/slideshow/slideshow.htm?ListingKey=99006728912

If you are looking to buy or sell in the Northern Virginia area, this is a great time! Please give our team a call! We would love to help you find your dream home!

Jennifer Young Homes

Keller Williams Realty

703-400-6757

Two Price Reductions on Two Gorgeous Homes in Clifton and Woodbridge!

3557 HUMMOCK PL, WOODBRIDGE, VA 22192

Two Price Reductions on Two Gorgeous Homes in Clifton and Woodbridge!

12467 HENDERSON RD, CLIFTON, VA 20124

12467 HENDERSON RD, CLIFTON, VA 20124

 

REDUCED*MOTIVATED SELLER so Make an OFFER! *$12K towards Buyers CC* Enjoy the forest & wildlife from the gorgeous screened porch & deck on this charming updated home minutes to historic Clifton! Side load 2 car gar, beautiful pine floor thru-out entire home, 2 FPs, kitchen w/granite & SS appliances. Huge fam rm w/cathedral ceils. New windows w/lifetime warranty, HVAC, H20, water conditioning sys.

Orig List Price:  $674,900

List Price:  $624,900

 

 

3557 HUMMOCK PL, WOODBRIDGE, VA 22192

3557 HUMMOCK PL, WOODBRIDGE, VA 22192

Spectacular home on premium cul-de-sac lot with upgrades galore! Shows like a model w/hardwood floors, moldings, remodeled kitchen w/granite, SS apps, center island, new lighting, stepdown family room w/10 ft ceilings, FP leads to huge custom deck & landscaped, fenced backyard. Luxury MBR & MBA. Fully finished LL w/rec rm & full BA – Custom Ralph Lauren paint & more, Flat screen & speakers convey!

Prior List Price:  $489,900

New List Price:  $479,900

 

If you are looking to buy or sell in the Northern Virginia area, this is a great time! Please give our team a call! We would love to help you find your dream home!

 

Jennifer Young Homes

Keller Williams Realty

703-400-6757

Gorgeous Fully Furnished Single Family Home in Reston!

10920 SUNSET HILLS RD, RESTON, VA 20190

Gorgeous Fully Furnished Single Family Home in Reston!

10920 SUNSET HILLS RD, RESTON, VA 20190

10920 SUNSET HILLS RD, RESTON, VA 20190

Beautiful property

sunset hills outdoor

Bright Family Room

FX8623875 - Family Room

Like its never been lived in! Custom home on 2 rolling acres. All furniture conveys! Two story family room, massive kitchen perfect for entertaining w/ 2 dishwashers, large prep area & 2nd sink, huge island, granite counters, stainless steel apps, etc. Huge master bedroom suite w/sitting room, luxury master bath with oversized, custom walk in closets, soaking tub/dual shower. Walk to Wiehle Metro!

 

If you are looking to buy or sell in the Northern Virginia area, this is a great time! Please give our team a call! We would love to help you find your dream home!

 

Jennifer Young Homes

Keller Williams Realty

703-400-6757

Stunning Light Filled Single Family Home in Clifton Virginia!

11634 CHAPEL RD, CLIFTON, VA 20124

Stunning Light Filled Single Family Home in Clifton Virginia!

11634 CHAPEL RD, CLIFTON, VA 20124

11634 CHAPEL RD, CLIFTON, VA 20124

 

So much counter space!!

FX8622780 - Kitchen

 

Look at all this natural light!

FX8622780 - Family Room

Incredible outdoor space!

FX8622780 - Exterior (Rear)

 

Light filled & spacious 6 BR, 5.5 BA home w/3 car garage nestled on lovely treed lot! Two story foyer, overlook, 2 MBRs, 1st on main w/lux MBA. 4 BRs, 3 full BAs + bonus rm up. Hdwds, 9′ ceils, study, sunrm, dual stairs, butlers pantry. Gourmet kit w/lge brkfst bar opens to 2 story fam rm w/FP. Walk out LL has rec rm w/FP, wet bar, 6th BR, full BA + media rm. Huge wrap around deck, patio, hot tub!  List Price:  $1,289,900

 

Beautiful 4 Bedroom Single Family Home Just Listed in Haymarket!

5536 Hillsman Farm Ln, Haymarket, VA 20169

 Beautiful 4 Bedroom Single Family Home Just Listed in Haymarket!

5536 HILLSMAN FARM LN, HAYMARKET, VA 20169

5536 Hillsman Farm Ln, Haymarket, VA 20169

Beautiful brick front Brookline model w/2 car side load garage! 9′ ceils, library, 2 story foyer w/hardwd opens to formal LR w/bay window & DR. Sun filled kit w/granite, double ovens, maple cabinetry opens to breakfast area & fam rm w/gas FP. MBR has tray ceil, large WI closet, lux MBA w/dual vanities, soaking tub & sep shower. Walk up LL has full BA, egress for 5th BR & waits for your design! List Price:  $524,900

 

If you are looking to buy or sell in the Northern Virginia area, this is a great time! Please give our team a call! We would love to help you find your dream home!

 

Jennifer Young Homes

Keller Williams Realty

703-400-6757

Two Gorgeous Single Family Homes Just Listed in Centreville and Woodbridge!

14404 Rockymount Ct, Centreville, VA 20120

Two Gorgeous Single Family Homes Just Listed in Centreville and Woodbridge!

 

14404 ROCKYMOUNT CT, CENTREVILLE, VA 20120

14404 Rockymount Ct, Centreville, VA 20120

Beautiful renovated home with front porch & 2 car garage on lovely private lot. Gleaming hardwoods, soaring ceiling in LR, formal DR. Remodeled kitchen w/new SS appliances, granite opens to fam rm w/FP & leads of fantastic screened porch! 4 BRs, 2 baths up. Finished LL has rec rm, den/5th BR, full BA. Everything done here, windows, upgraded lighting, updated BAs, water heater, HVAC, blinds & more!  List Price:  $499,900

 

15485 AMBERGATE DR, WOODBRIDGE, VA 22193

15485 AMBERGATE DR, WOODBRIDGE, VA 22193

Lovely 4/5 bedroom 3.5 bath home backing to trees for lots of privacy! Two story foyer, formal LR, DR w/bay window. Gourmet kit w/granite, cooktop, double ovens, island opens to fam rm w/FP & leads to huge multi level deck! Large BRs, MBR has soaring ceiling, two WI closets & lux MBA. Walk out LL has rec rm, 5th BR, full BA & leads to patio & lovely fenced yard backing to woods. Great location!  List Price:  $445,000

 

If you are looking to buy or sell in the Northern Virginia area, this is a great time! Please give our team a call! We would love to help you find your dream home!

 

Jennifer Young Homes

Keller Williams Realty

703-400-6757