when buying a house how much can you expect to talk them down on the price>?

Question

figure a house is marked for 120-130k how much should you try to offer? rough estatme

Answer 1

Offer them 80% of their asking price. They probably already are figuring they will take 90% of their asking price. If they stick to their guns at 90% then negotiate to split the closing costs...you will be amazed at how close this will come to 85% of what they were asking.

Answer 2

You may be thinking of the old days, when sellers owned the house for 20 years and had price flexibility.
Nowadays, the flippers over paid and are mostly trying to recoup the base price of the loan.
There may be 1 or 2 long term holders left tho,
do your homework and find out what the balance is on the loan.

Oh, wait , I just saw your $120K figure , is that like Ohio ? That would be a toally different ball game, none of that stuff here, not even condos ! sorry . . .

Answer 3

I would check to see what some houses recently sold for in that neighborhood. Chances are if the owner knows what it sold for, he or she will be looking to get around the same price. I'd give an offer a little less than what the neighbor's house went for.

Answer 4

Start with half of what they are asking and then let them move up. This is the way I bargained in Morocco at one of the bazaars and I bought a goat skin rug for about $250 and the guy was asking $400 at the beginning. You just have to bargain.

Answer 5

Yes. I recommend in this market today.. all my clients go in with an offer at least 10% lower and also demand that the seller contribute funds toward your closing costs.

Nearly all sellers are contributing closing costs in this market we have today.h

Answer 6

10 - 15% or ask them to pay some additional closing costs

Answer 7

Offer what you want and you think is fair and can afford, it is not a game to how much you can screw some one over.
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