[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2md4kewsrlykr":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":28,"updatedAt":29},4008,"is-it-enough-to-offer-asking-price-in-todays-housing-market","Is It Enough To Offer Asking Price in Today’s Housing Market?","If you’re planning to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F16\u002Fare-you-wondering-if-this-is-the-year-to-buy-a-home\u002F\">buy a home\u003C\u002Fa> this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid and the home’s initial asking price.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F04\u002F21151533\u002F20220425-KCM-Share-3.jpg","If you’re planning to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F16\u002Fare-you-wondering-if-this-is-the-year-to-buy-a-home\u002F\">buy a home\u003C\u002Fa> this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid and the home’s initial asking price.\u003C!--more-->\r\n\r\n\u003Cstrong>In today’s real estate market, buyers shouldn’t shop for a home with the same expectations\u003C\u002Fstrong>.\r\n\u003Ch4>\u003Cstrong>Things Are Different Today\u003C\u002Fstrong>\u003C\u002Fh4>\r\nToday’s housing market is anything but normal. According to the \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002F2022-03-realtors-confidence-index-04-20-2022.pdf\">\u003Cem>National Association of Realtors\u003C\u002Fem>\u003C\u002Fa> (NAR), the average home that’s sold today:\r\n\u003Cul>\r\n \t\u003Cli>Receives 4.8 offers\u003C\u002Fli>\r\n \t\u003Cli>Sells in just 17 days\u003C\u002Fli>\r\n\u003C\u002Ful>\r\nHomes selling quickly and receiving \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F10\u002Fhow-to-navigate-a-market-where-multiple-offers-is-the-new-normal\u002F\">multiple offers\u003C\u002Fa> shows how competitive the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F24\u002Fwhat-you-can-expect-from-the-spring-housing-market\u002F\">housing market\u003C\u002Fa> is for buyers right now. This is because there are more buyers on the market than homes for sale. When the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F04\u002Fsupply-and-demand-in-todays-market-infographic\u002F\">number of homes\u003C\u002Fa> available can’t keep up with demand, homes often sell for more than the asking price.\r\n\u003Ch4>\u003Cstrong>How Does This Impact You When It’s Time To Submit an Offer?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nMarket conditions should help guide your decisions throughout the process. Today, the asking price of a home is often the floor of the negotiation rather than the ceiling. Knowing this is important when it’s time to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F12\u002F28\u002F5-tips-for-making-your-best-offer-on-a-home\u002F\">submit an offer\u003C\u002Fa>, but you should also use that information as you’re searching for homes too. After all, you don’t want to fall in love with a home that ultimately sells for a price higher than what you’ve \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F04\u002F05\u002Fwhat-you-need-to-budget-for-when-buying-a-home\u002F\">budgeted\u003C\u002Fa> for.\r\n\r\nThe \u003Cem>Mortgage Reports\u003C\u002Fem> has \u003Ca href=\"https:\u002F\u002Fthemortgagereports.com\u002F70484\u002Fhow-much-over-asking-price-should-you-offer-on-a-house\">advice\u003C\u002Fa> if you’re looking to purchase a home in a competitive market. The article encourages you to be realistic with your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F04\u002F04\u002Fbalancing-your-wants-and-needs-as-a-homebuyer-today\u002F\">housing search\u003C\u002Fa>, saying:\r\n\u003Cblockquote>\u003Cem>“\u003Cstrong>The best thing to do is set your budget and expectations ahead of time so you know how much you can afford to offer\u003C\u002Fstrong> — and when to walk away. This will make negotiations a lot easier.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nOf course, when you’ve found your dream home, you’ll want to do everything you can to submit your best offer up front and win a potential bidding war. Knowing the current market is key to crafting a winning offer. That’s where working with an expert \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F01\u002Fan-expert-advisor-will-give-you-the-best-advice-in-todays-market\u002F\">real estate advisor\u003C\u002Fa> becomes critical.\r\n\r\nA real estate professional will draw from their experience and expert-level knowledge of today’s housing market throughout the process. They’ll also balance conditions in your area to make sure your offer stands out above the rest.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nUnderstanding how to approach the asking price of a home and what’s happening in today’s real estate market are critical for buyers. Let’s connect so we can work together to create a winning plan for you.","\r\nUnderstanding how to approach the asking price of a home and what’s happening in today’s real estate market are critical for buyers. Let’s connect so we can work together to create a winning plan for you.",false,[16,20,24],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},38,"Move-Up","move-up","2022-04-25T10:00:54Z","2022-11-16T17:30:07Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},4002,"myths-about-todays-housing-market-infographic","Myths About Today’s Housing Market [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F04\u002F21104830\u002F20220422-KCM-Share.png","2022-04-22T10:00:46Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},4009,"how-homeownership-can-help-shield-you-from-inflation","How Homeownership Can Help Shield You from Inflation","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F04\u002F25102825\u002F20220426-KCM-Share.jpg","2022-04-26T10:00:24Z",{"cover":43,"open":44,"shareSpread":45},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[47,51,52,56,60,64,68,69,73,77,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},6,"For Sellers","sellers",{"id":57,"name":58,"slug":59},7,"Foreclosures","foreclosures",{"id":61,"name":62,"slug":63},8,"Infographics","infographics",{"id":65,"name":66,"slug":67},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":25,"name":26,"slug":27},{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]