02 Jul Buying a house. Question about my offer.
My wife and I are buying our second home. We found a house we like in the town we live in. Ticks most of the boxes of things we were looking to improve on from our current house. We put in an offer today at asking price (the house has been on the market for two or three days). Our realtor came back and said there are multiple offers and we should make ours stronger.
How much over asking should we offer? I don't want to screw ourselves by offering too much. Is there a way to know besides blindly adding money to the offer?
We are in northern NJ. The house is listed at 489k and our realtors think we should up to 505k. At the end of the day it's not much more to our mortgage but I just don't know if I'm comfortable offering that much over their asking price.