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Below & Above Asking Price Offers

  • Writer: Adam Garrett
    Adam Garrett
  • Jan 31, 2023
  • 7 min read

Updated: 6 days ago


Many newer agents and unrepresented buyers who haven't purchased many houses don't offer the right price on houses & other real estate like land and commercial, and because of that, lose out.


Should You Never Pay "Full" Price for a Home?

When to Be Picky & When to Be Expeditious on Offers

Different Offer Examples of Mine Getting $49k Below Asking vs Winning 8 Offer Scenario


Increased Probability of Below Asking Price

Increased Probability of Above Asking Price

Long market time

Short market time

a long time [i.e. >30 days] since the last substantive [i.e. 3%] price reduction

a short time [i.e. <3 days] since the last substantive [i.e. 3%] price reduction

a long time since it's went back on market or with substantial issues uncovered during last contract or the listing agent not wanting to talk about it

a short time since it's went back on market with minimal issues discovered & transparency from the listing agent (especially if inspections are available)

Lower population density

Higher Population density

Comparable sales don't substantiate list price

Comparable sales easily substantiate list price or more

​No improvements &/or significant deterioration since last sale & high Zestimate accuracy factors involved with list price above initial Zestimate price on 1st date of listing

​Many improvements since last sale & high Zestimate accuracy factors involved with list price below initial Zestimate price on 1st date of listing

Poor marketing

Excellent marketing (i.e. professional photos, aerials, virtual tour, highly detailed listing, placement in >99% MLS, etc.)

Low (i.e. <100%) average % contract price vs list price for area

High (i.e. >100%) average % contract price vs list price for area

Listing agent has typically below asking price sales

Listing agent has typically above asking price sales


Market Time Impact on 60+ Day Listings

Market Time Impact on 0-1 Day Listings

Impact of Season


Tips on Below Asking Price Offers

Escalation Clauses on Below or Above Asking Price Offers

More Tips On Below Or Above Asking Price Offers

Importance of Buyer Brokerage Agreement Before Specific Offer Advice in VA

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