We started house hunting in April. The second trip out with our buyer agent, we fell in love with a home but were iffy over it's school district. That day, our agent mentioned a good starting offer would be 120k - 123k because it had already been on the market for 2-3 mths and that they reduced the price a couple weeks prior, from 132,900 to 129,999.
Jump forward: we've viewed over 80 homes (Metro Detroit Area - 78% foreclosures and very few buyers) and have decided to take a 2nd look at this home and make an offer tonight.
We tell him to type up 124,500 with 5k concessions...so that we have negotiation room. We want them to know we're serious but don't want to go in offering full listing price.
He says, "I thought we discussed the risks of low-balling these owners."
Am I crazy? I thought it'd be fine to come in just a little under 10k difference?
PLEASE advise!
My husband's now questioning the agents' confidence and negotiation skills.
2007-05-25
06:06:00
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11 answers
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asked by
Teresa C
1
in
Renting & Real Estate