Hello, new to real estate and looking for advice. If a home has been on the market for a year at $740k, what is a reasonable amount to offer without insulting seller? It’s a townhome, most homes that are larger in sqft in the same neighborhood are also listed around that price and also sitting on the market.

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$660k? 10% off. You can offer whatever you want, don’t worry about insulting anyone. On Redfin etc. you can see closed sales in the last 6 months that can help to inform.

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I concur you offer whatever you want and if they accept cool if they counter because they have been on the market then you know where they wanna be and negotiate from there, are you working with a realtor?

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