What price to offer on a home?

You never know what to offer on a home because price feels subjective, and it kind of is. Your offer strategy would be completely different in these two situations. 

If you are the only buyer, submitting a really low offer can tell you a lot about the seller’s flexibility and how low they can go. When multiple buyers are writing on the same property, the first strategy wouldn’t work; the listing agent will simply ignore your offer. 

What to do instead is to call the listing agent to figure out what other people are writing and where we need to be at to get the home. Some agents will share that information, and some don’t, but if they do, you can decide whether that price is worth paying.