(TX.) I am moving out of state in 2 mos. My home was listed with a local realtor for $195,00. Two offers have came in one @ 189,000 & one @ 176000. Currently, there's about 8 other homes for sale in this $ range. Considering the market and time of year what should I do?
2007-02-02 05:29:38 · 9 answers · asked by sugarmama2539 1 in Business & Finance ➔ Renting & Real Estate
Take the 189 or try and negotiate them up a little. $ 6k dollars aint much when it comes to property really, take the hit.
2007-02-02 05:33:49 · answer #1 · answered by Whateverandeverandamen 2 · 1⤊ 0⤋
Hello,
First thing, did you do a CMA (Comparable market Analysis) for your property? How did you arrive at the 195K? Was that with a professional help or just a ball-park?
In case you were working with a Realtor, s/he would find out the fair market price. Typically you should use the fair market price. Isn't it always true that the seller wants the most money and the buyer wants to get it for least money?
The comparable shows what price the current market is supporting. In case you price it too high, people will not even see it. From the fact that you got two offers, it seems that you have priced just a little bit above the market. If you had priced it for 225K, people would not even have seen it.
In case you are working with a Realtor, they will advise you the best. What's your hard earned money for?
Remember, when a property stays on market for too long, people start asking questions and think there is a problem. That will effectively make you sell for much lower as most motivated buyers would have gone away.
Good luck.
Best regards,
Disclosure: I am a licensed Realtor with Century 21 in Sunnyvale, California.
2007-02-02 06:38:49 · answer #2 · answered by amolheda 3 · 0⤊ 0⤋
In this market and with a home at that price, the $189,000 offer would be considered a good offer. If you give them a counter-offer, they can walk away without countering you back and you have lost them. If the $6000 more is worth that risk of losing them entirely, then try and see if you can get them to come up a little in price, otherwise be thankful that YOUR home has the offer of $189 and not one of the other 8 on the market and run with it! Good luck!!
2007-02-02 05:41:37 · answer #3 · answered by Anonymous · 1⤊ 0⤋
How mad was your Realtor when you refused 189 on a 195 house? I don't know what market your in but in mine sellers would jump all over an offer like that. The 176 was a little low but you could have worked that one as well.
Call the guy who offered 189 and try to get him up pa bit, he is a serious buyer so don't let him get away.
Ask your agent the same question you just asked us, im sure they will be happy to answer. That is why you are paying them.
RE Agent,
Remax
2007-02-02 07:14:20 · answer #4 · answered by frankie b 5 · 0⤊ 0⤋
If I had a home on the market for $195k and had an offer on the table for $189k, I'd tell the buyer, "We're on six thousand dollars apart. Meet me in the middle."
However, I wouldn't let that buyer go. I'd take the offer if you couldn't bump them up any.
2007-02-02 05:33:38 · answer #5 · answered by Stuart 7 · 2⤊ 0⤋
I know in Florida we are in the same boat as you are. Rule of thumb, give it a month and then lower it by $5,000. Good luck. If that doesn't work then take the offer that is higher and be happy you sold it.
2007-02-02 05:38:09 · answer #6 · answered by Sharon C 2 · 0⤊ 0⤋
I would take the $189k w/out any seller concessions i.e. every party covers their own costs and no credits for repairs....it is the as is price an dtaht's final. If they want concessions they need to match full asking price...
2007-02-02 06:43:32 · answer #7 · answered by boston857 5 · 0⤊ 0⤋
you should counter offer with a price of 192k and see what the buyers say. usually ppl offer a lot lower than they are willing to pay just to see if they can get a deal. otherwise you have to consider what's important or necessary for you.
2007-02-02 05:38:05 · answer #8 · answered by ?! 6 · 1⤊ 0⤋
WHATS the MATTER?
Take one of those offers!! You want to sell, you are leaving the state, competition to the left and to the right!!!
Is your house going to be worth more next month? I doubt it.
2007-02-02 06:18:04 · answer #9 · answered by Anonymous · 1⤊ 0⤋