Found a great deal - How and when do I make the offer?

[Die FU]

Hi all!

I just found a very good deal ($30-$60/sf less than market average of $716/sf). I visited and all looks good. The condo was listed 4 days and has an open house this saturday. Since the owner already priced it very nice, how much should I offer? Full asking? 

Also, should I make an offer before or after the open house? 

Thanks!!

[Ronald Allen Barney]

Originally posted by @Die FU:

Hi all!

I just found a very good deal ($30-$60/sf less than market average of $716/sf). I visited and all looks good. The condo was listed 4 days and has an open house this saturday. Since the owner already priced it very nice, how much should I offer? Full asking? 

Also, should I make an offer before or after the open house? 

Thanks!!

 It won't hurt to make whatever offer will work for you now.  If that gets outbid by open house visitors, keep countering until the numbers no longer make sense for the cash flow situation.  Then instead of "winning" the top bidder now has a problem they don't yet understand.