Updated about 1 year ago on . Most recent reply
How to make an offer on a property that's been sitting for 80 days
Newbie here. I may make an offer on a property that's been sitting for over 80 days. It's a duplex unit priced at around $325K. Given the fact that's this property has been sitting for a while, what's a strategy for making a first offer? 20% discount from the current sale price? or 25% discount? and then if they say no, do I wait a few weeks and then increase my offer by 5% until they accept?