•Use Comps, Previous Knowledge, and the 7% rule that most listings sell within approx 7% of the listing price.
Meaning if the listing is $500,000 then 7% off of that price is $465,000 so most likely that listing will sell for anywhere from $465,000 to $500,00 if its price appropriately to the market.
•Anything more than 10% off the listing price could be considered a “low-ball offer” and may not be taken seriously.