My husband and I are trying to buy our first house. We don't want to spend over $100K. We found a house that we think is perfect. It is listed at $112,900. It has been on the market for 2 months and vacant for nearly 4. The seller has moved cross country and is carrying on a new life. We don't have a buyers agent, we didn't really want to get messed up in that. I have read that 80% below asking is too low. We want to offer 98K and ask the seller to pay for all closing costs. We would be willing to go up to 100K including closing costs. What do you think? Are we ridiculous?
2007-02-26 09:37:10 · 6 answers · asked by kg 2 in Business & Finance ➔ Renting & Real Estate
I meant to say that offering anything less than 80% of the listing price was too low.
2007-02-27 01:32:07 · update #1
You can throw the offer out there. Make it like 95 since it has been vacant for so long. Since that is way lower, the owner just might say the price you are looking for. Haggle a bit. You might be surprised.
I hope you are able to get the place.
2007-02-26 09:42:10 · answer #1 · answered by Lucky Me 6 · 0⤊ 0⤋
80% below asking would be too low. That would be offering 20k on a 100k home. Since that is not what you are doing, you should be OK. Your offer sounds good to me. Not getting caught up in the Realtor thing is dumb though. They could answer these questions for you, and probably save you more money. Negotiating is one of the top things the Realtor does for you. besides all the other things to make sure you do not get yourself in trouble. Good luck,
Re agent,
remax
2007-02-26 20:03:02 · answer #2 · answered by frankie b 5 · 0⤊ 0⤋
Your offer seems reasonable. Make the offer and see what happens. The worst they can say is no.
2007-02-26 17:40:46 · answer #3 · answered by teenriodoll 3 · 2⤊ 0⤋
The best answer to that question is: Don't ask, Don't get. Good Luck.
2007-02-26 17:45:44 · answer #4 · answered by greysannatomyfan 2 · 0⤊ 0⤋
What's the worst that happens? Go for it.
2007-02-26 23:07:15 · answer #5 · answered by Quixotic 3 · 0⤊ 0⤋
Yes it is.
2007-02-26 17:41:29 · answer #6 · answered by longjohnsilviers 1 · 0⤊ 0⤋