Bridget's Blog


How Much Below List Price Should I Offer On A Home In Maryland?

How Much Below List Price Should I Offer On A Home In Maryland?

The market has changed  (again!).  We are seeing buyers that are losing out on full price offers with no closing costs because they are being outbid.  It is important to work with a real estate agent that understands the specific area in Maryland that you are interested in to help you to determine the best offer. 

If a home is priced right and is in good condition, there may be multiple offers in days if not in hours.  Playing a "how much off the listing price can I get" game is not a good one to play if it's the right house that is priced right that meets your needs and that you can afford! 

Be aware that the home still must appraise for the purchase price, which means there have to be recent comparable sales nearby!

Be sure that you are FULLY pre-qualified/pre-approved for a mortgage in advance so that you are ready when you find the right house!

How Much Below List Price Should I Offer On A Home In Maryland?  


It depends on the area, if the property is already listed at the right price, and if you are willing to miss out on the right house for you!

Warm Regards,

Bridget McGee  Maryland Mortgage Mama  NMLS# 196068  SWBC Mortgage.   410-960-2061 EHO or


If you are considering purchasing a home in Maryland and want to be sure you are mortgage ready, my brother Tony and I will be happy to help! We help to make the mortgage process a pleasure! 

If you already own your home, we are happy to provide a no-cost mortgage review to help you to determine if refinancing may be in your best interest.  Please contact me at 410-960-2061.

Comment balloon 4 commentsBridget "Mortgage Mama" McGee • March 09 2013 06:17PM


A tip for a selling agent to to pull comps off the MLS and see what percentage the solds  sold for.  That is a good indicator for buyers to use. 

Also after two to three lost homes they should get with the program and offer list price or higher if they are truly serious about buying a home. 

Posted by Merline D Pennant - New homes, Short Sales and Pre-foreclosures, New City, New Towns, New homes (Regal Realty of the Treasure Coast LLC) about 7 years ago

It's amazing the motivation that being outbid on several properties provides to a buyer

Posted by Richard Dolbeare, R(B), R(B), ABR, CRS...Hawaii Multi-Island Specialist (eXp Realty) about 7 years ago

Bridget, We had this discussion in our office meeting this week.  There are so few homes on the market  that they are quickly going under contract if they are priced well.  It is even more important now in a changing market to have an experienced realtor that is familiar with the market and how to manage multiple offers and how to structure a competitive offer. 

Posted by June Piper-Brandon, Piecing Dreams One Home at a Time (Houwzer LLC) about 7 years ago

Ha! You had me there for a second with your title Bridget! I thought what does she mean how low? It's 2005 all over again, at least in the Silver Spring area. Craziness.

Posted by Andrea Bedard, M.A.; REALTOR® Silver Spring, MD and beyond (Thompson Company, REALTORS®) about 7 years ago