I found a house for $99,900. It's 2 stories with 4br/4bath. A nice neighborhood. The price is great, but I'd really like to get the home owners down so I can buy new furniture. How do I know what to offer? The house is a property of my agent so I wonder if asking her will do any good.
2007-01-02 06:34:21 · 8 answers · asked by bamagrits84 3 in Business & Finance ➔ Renting & Real Estate
Have you had an appraisal done on the property? Depending on the value of the home, you may be able to either offer less, or borrow more to give you some cash back on the closing of the property. The value depends grately on where you live. Where I live a 4bed/4bath would cost $350,000 minimum!
Good luck
2007-01-02 06:39:14 · answer #1 · answered by rtlsimpson 3 · 1⤊ 1⤋
Be care full with advice, in some areas of the US, that would be a steal no matter what. In other areas, you could be over-paying.
Look at other homes listed in the area and just as importantly, find out how long it has been on the market. Get a home inspector to make sure it has a good foundation, and that the structure is sound, also a mechanical inspector to check things like plumbing, heat and AC, Hot Water, Electrical systems.
General rule in the Mid-West, (especially in small towns) offer 10% less than they are asking, and even more if it has been on the market more than 3 months.
Good Luck!
2007-01-02 07:01:37 · answer #2 · answered by C 7 · 0⤊ 1⤋
You should have your Own Buyer's Agent. You can offer 10% t0 15% lower but you really need a Buyer Agent of your own to protect you. They do not cost you anything. Go to REBAC.com and jackosullivan.net for more info.
2007-01-02 06:43:27 · answer #3 · answered by Anonymous · 1⤊ 0⤋
it really depends on if the house has more offers, if there is other people looking into it then you should probably go with the full price to be safe, but if there isnt you can put in a bid for less but not 2 much less, like if it was me i would start with 90,000.00 if they don't like it they will usually come back with a answer offer. you'll never know if you don't try!
2007-01-02 06:45:55 · answer #4 · answered by urbabysmama21 3 · 0⤊ 1⤋
At $99,000. take the house and RUN! It's a gift. You can always finance furniture if you need to. I know the payments are a tedious, but it'll be paid before you know it.
Good Luck...and don't get stuck in a rut! Move up in 5-10 years, make the best out of your investment.
2007-01-02 06:47:46 · answer #5 · answered by N0_white_flag 5 · 0⤊ 2⤋
All that for under 100K wheres this house 1985? Offer them 90K, they can always counter-offer!
2007-01-02 07:20:54 · answer #6 · answered by CEESONE 4 · 0⤊ 0⤋
At $99,000.00 it does seem you have much bargining room.
If you want the house, make a full price offer or else someone else will end up with it.
2007-01-02 06:40:54 · answer #7 · answered by whymewhynow 5 · 1⤊ 1⤋
go to homevalues.com and see what it is worth then offer %10 less. There will be a lot of deals this summer.
2007-01-02 14:06:39 · answer #8 · answered by sm4125 3 · 0⤊ 1⤋