It really depends on many factors:
- What are buyers paying for similar properties?
- What’s the current demand and competition for this particular property?
In many cases right now buyers are lucky to pay full price for a home and get it. We had one property recently that had 20 offers and sold for more than $150,000 over the asking price. In this case, even if you offered the asking price you didn’t even have a chance!
It all depends on your specific market and any particular property. Work with a knowledgeable local agent who can guide you about the right iitial offering price.