As a buyer, you should know the reasons to offer more than list price, and you should also know when you should offer more than list price. The key in all of this is that the longer you stay in the house, the more likely it is that home values will go up, and the likelier it is that you will recover what you put into the house if you were to sell. It is quite understandable if you are reluctant to offer anything over the asking price if the market conditions in your particular area are still very soft, and especially if it is still a strong buyers' market.
In order to know when it is good to offer more than list price, you have to become intimately aware of market conditions in the past, present and even into the future. Getting emotional about a property in real estate is never a good idea, and it is especially not a good idea when considering whether to offer more than list price.
Home builders are still struggling from the effects of low foreclosures list prices. The builder confidence index dropped by 2 points in March and new home sales declined in January.
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