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Letting Agent Pick the Offering Price?
So we are going on second visits to two houses we are very interested in. Currently, one house has a slight edge over the other, but we are waiting for the second visits to make a final decision.
The house we are leaning towards is well within our price range, and we were discussing how much to offer if we decide to go with that house. We really have no idea. Obviously we want to try and get it for as little as possible, but at the same time we would be comfortable with anywhere up to the asking price. Ultimately we just want to pay a fair price for today's market.
When you were making an offer, how much consideration did you give your agent's advice as to what to offer? I'm not going to just let him outright decide, obviously, but since I would be comfortable up to the asking price, I'm inclined to go with his recommendation as long as it seems reasonable. Just wondered what others experienced.
*This is not legal advice*
Re: Letting Agent Pick the Offering Price?
Your REA should show you recent sold comps in the area. You can then determine what you want to offer. Your agent can advise whether they think your offer is strong or if it is weak (really lowball).
Good luck!