I would base your next offer on how close the market is still landing to list.
If you are preparing to write an offer in Chino, CA, the question is how aggressive you really need to be. My answer is that you should be realistic, not reckless, because recent closings still show sellers keeping most of their asking price.
Recent offers in Chino, CA landed around 98.9% of asking, and the typical closed price last month was $768,000. A typical sale took 42 days, so there is some room to evaluate a property, but not much evidence that broad low offers are winning the day.
That means your leverage is selective. I would not use the market's moderate pace as a reason to undercut a well-positioned listing without a clear property-specific reason. In a market with 2 months of supply, sellers still have support when the home is priced right and presented well.
Study the list price against recent closings before you write. Keep inspection and repair expectations realistic. Move decisively when the property fits both the market and your budget. In Chino, CA, a clear offer usually beats a hesitant one.
