Purchase Price - The amount you will offer. Your Realtor will provide you with information to determine what a fair price is. It is your decision what to offer. There are a lot of variables to consider in the offering price. These can range from how soon your really need a house. If your spouse, 4 children, 2 dogs and a cat are all coming in 3 weeks with a house full of furniture you probably want it right away. You will probably pay what it takes to tie the home up. On the other hand if the Seller is building and you are in a flexible move situation you might be able to get the house for less. This is just an example. Every home buying situation is different.