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Homes and Land in Sunny Sequim, Washington

Homes and Land in Sunny Sequim, Washington

Sequim's No.1 Buyer's Agent Where Knowledge & Experience Count.

(360) 775-5424
Email: ChuckMarunde@gmail.com

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125 Olympic Ranch Ln, Sequim, WA 98382

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How Much Should I Offer?

by Chuck Marunde / Thursday, 05 September 2019 / Published in
Viewed 481 Times Date : 05.09.2019
Author: Chuck Marunde

This is one of the most important questions for a buyer who is ready to have me draft the offer. Not very many buyers have a lot of experience making offers on real estate, especially a half a million dollar home. The person who has never bought a home has no idea, and the person who has bought and sold half a dozen homes thinks they know. If you played high school basketball, you would never suggest you know how to play in the NBA. There is so much to consider when making an offer. Here are some of the variables, and you need a buyer’s agent who really understands all of these variables in the local market. The price you offer depends on:

The state of the local real estate market, the inventory and the demand.

For a market like Sequim, Washington, our buyers come from around the country, so the state of the real estate market in those other areas of the country will have a huge impact on the buyers coming to Sequim. If they can’t sell their homes, they aren’t buying in Sequim.

The homes at the top of the Bell Curve in Sequim will get the highest prices.

Location is big factor when it comes to price. Quiet, peaceful areas, and homes with great water views or panoramic mountain views will clearly demand higher prices.

The quality of the materials used in a home is another determinant of how much to offer.

The age of the home is a factor.

The floor plan is a factor.

How much natural light fills all the rooms is a factor.

The condition and size of the garage and whether there is a separate shop effects price.

The condition of the siding and the roofing are factors.

The landscaping is a major factor, because most Sequim buyers want nice landscaping that is also low maintenance.

Buyers coming to Sequim want single level homes, and stairs can reduce the price or kill a sale altogether.

How long the home has been on the market (DOM = days on market) effects the offering price.

How far the home is outside the Sequim Blue Hole can play a part in the negotiating.

How motivated the seller is will obviously affect what they are willing to do.

Whether there have been other offers previously is a factor.

Who the listing agent is will be a factor, especially if that agent has little experience or has not been properly trained (no matter how many years they’ve been in the business).

There are other factors, but you can see there is a lot involved in deciding what a “reasonable offering price” will be. You shouldn’t just shoot from the hip, and you can’t apply generic rules like, “homes sell for 94% of the listed price,” so let’s offer that. That’s a kindergartener approach to what should be a much more serious and professional approach to making an offer at a reasonable price that stands a chance of being accepted or at least countered.

Possibly Related Posts:

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  • When is Early Possession Safe for a Home Seller?
  • Sequim Real Estate: How do I find a Home in Sequim

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About Chuck Marunde

After practicing real estate law for 20 years in Washington, Chuck opened iRealty Virtual Brokers covering the Sequim and the beautiful Olympic Peninsula. Chuck is the author of numerous magazine and Internet articles with a primary focus on real estate. He is also the author of over a dozen books, mostly about Sequim real estate. Chuck is a photographer, videographer, and Registered FAA Drone Pilot. Chuck has combined his love for real estate and technology to create a growing Internet presence in his market, and enjoys building his websites and blogs, including SequimBlog.com and Sequim4Sale.com and LuxuryWaterViewHomes.com. Chuck has degrees in Economics, Law, and Education.

Chuck E. Marunde, J.D.

Sequim Buyer's Agent
(Atty Ret.)
Founder and Broker of
Sequim & Port Angeles Real Estate dba iRealty Virtual Brokers
125 Olympic Ranch Ln,
Sequim, WA 98382
(360) 775-5424
ChuckMarunde@gmail.com

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From Los Angeles

It's rare, but once in awhile life provides the perfect collaborator for an important endeavor such as buying your new home. For me that person was Chuck Marunde. His two decade background as a Real Estate Attorney, his prolific career as an author of articles and books on Real Estate and his forthright and moral character made choosing Chuck a no-brainer. Chuck is dedicated, thorough, incredible at the negotiating table, knowledgeable about all local laws & regs but, most importantly, Chuck loves what he does. And what he does is find his client the perfect property. Chuck isn't about making the sale, he's about making the sale that is OPTIMUM for his CLIENT and this makes Chuck a rare bird indeed. I love my new home in Sequim and I am indebted to Chuck for making it happen. Kevin E.

From Seattle

I’ve had the pleasure of working with Chuck over the past three years in selling my parent's estate. It was a tough time to sell during the housing recession, but Chuck always kept things on the positive side. With his real estate law background, he offers sound, practical advice. He helps you along with the process using discussions and reason, rather than opinions and speculations. If Chuck doesn’t know the answers, he will get them for you. In several instances, Chuck took the initiative to meet with county officials to get up-to-date facts about zoning and regulations. I was always impressed with his company’s tech savvy communi-cations and internet presence: weekly email updates, blogs, videos, links, Linked-in networking, etc. He is truly pioneering the future of buying & selling real estate. Brian M.

From California

"Andy Romano is a successful motion picture character actor with over 40 years in 'the Biz.' Mr. Romano has a home in beautiful Santa Barbara, California, but he chooses to live most of the time in Sequim, Washington on the Olympic Peninsula in the great Pacific Northwest. Why? In his own words, 'Because it's even more beautiful and surrounded by more beauty in this incredibly peaceful and quiet place. With respect to real estate agents or brokers, well my friend Chuck Marunde, owner of Sequim and Port Angeles Real Estate, is hands down the best there" Andy R.

Intro by Chuck Marunde

From Florida

We do our homework for the task at hand and we look for and expect to enlist partners that do the same. It was our good fortune to select Chuck Marunde of Sequim and Port Angeles Real Estate to represent us as a buyer's broker in our search for a home in the Sequim/Port Angeles area. Chuck's site is all encompassing and super fast compared to many others, he knows the market at every conceivable level and his guidance through the process of selecting and purchasing a home is priceless - above and beyond that of anyone with whom we have ever worked. Add to all this his 20 year background in real estate law and you have discovered a superb asset in the adventure of purchasing a home. Greg and Marilyn

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