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When it comes to making an offer on Plainfield real estate it’s important to arm yourself with the closed sale price comparisons from the last 6 months, but in a volatile market like we are currently experiencing I would recommend more closely comparing the closed sale comps from the last 3 months. When sales are slow it is more difficult to pull those numbers from recent sales, but I would recommend it whenever possible.

If the house is priced in good competition with other properties for sale in the Plainfield neighborhood, it’s most likely that a seller can expect to get an offer at or near 97-98% in a good market. In a slower market that has a high inventory of homes for sale, buyers and sellers can expect to reach an agreement for an acceptable offer at about 95-96% of the asking price, which would reflect the trend of the most recent sales.

There will always be motivation from both sides that will cause fluctuations on these percentages such as how anxious a seller is to move, or how badly a buyer wants a particular house, and it’s because of this that so much negotiation takes place in real estate.

Things to Consider When Making an Offer on Plainfield Real Estate:

• How much are you willing to spend?
• Do you think the house is over-priced?
• What have similar property’s sold for recently?
• What condition is the house in?
• Will you need to make repairs or improvements to move in?
• Are you interested in another property as well?
  

Plainfield does have a high inventory or real estate for sale, but that is due largely in part to the 7 1/2 sq. miles that is contained within it. Plainfield is a very large community and one of the factors that makes negotiations for Plainfield real estate so intense at times is the homogenous traits of the homes within each neighborhood. 

Buyers often have a wide selection of homes that could potentially meet their needs, in fact there may be an even be an identical model available for sale for them to chose from. 

The benefit to the buyer could be that they have a wide variety of homes to chose from. 

The benefit to a seller is that if they own a home that stands out above the rest of the homes in their community, and is priced right for their neighborhood, they are likely to increase their chances of getting a better price for their Plainfield home.