My boyfriend & I have been looking to buy a house for nearly 2 years. We have finally found one that seems to be perfect.
It is on the market for $637,500 - but the agent told me the owners would be willing to go down to the mid $620's. My boyfriends father thinks we should offer $610,000... I don't know if that's too low!
Honestly, what would you offer?
2007-02-26 15:01:00 · 8 answers · asked by Dreamer 3 in Business & Finance ➔ Renting & Real Estate
The agent told me the house has been on the market for 4.5 months, but on the copy of the contract I have, it is dated August, 2006.
2007-02-26 15:22:14 · update #1
Ask your agent how many days it has been on the market? Do you know the Sellers situation? Do they need to sell quickly? If you REALLY want the house you should make a serious offer in the $620's. If you feel you can test the offer and hope for a counter offer then go for the $610k range. Do you think there's any comeptition to your offer? Good luck....
2007-02-26 15:13:50 · answer #1 · answered by Deutsche359 2 · 1⤊ 0⤋
Honestly, I don't know because I haven't seen the house. Really, you should be guided by your RE agent NOT your boyfriend's father. And to be honest, it is ALWAYS a bad idea to buy property with someone you are not LEGALLY married to! I hope you both have good jobs because that house sounds as though you will have a hefty mortgage, unless someone else is footing the bill. If you should split up (and have not legally married) then your troubles will really escalate. I know you probably think that won't happen, but it is always MORE adviseable to wait until you are LEGALLY wed before entering into buying a house with someone. Again, having not seen the home it's next to impossible to tell you what to offer, in addition to not knowing the area at all. Oh yes, and if it's taken you two years to come to this point, something is wrong, and I wonder if it's your boyfriend's father's meddling. Unless he has bought and sold numerous properties (or is an RE agent), or he's paying for the house, then he is merely getting in the way.
2007-02-27 01:35:54 · answer #2 · answered by Anonymous · 0⤊ 2⤋
First of all is the in good condition or it needs a little repair. Second of all find out if the house been on market for a long time or short time. If the house needs some repair you should deduct some money from what they are offering. Go for $610 and go from there if they counter offer to $615 or $620. But if the been on the market for than 60 days go for it. good luck.
2007-02-27 00:28:45 · answer #3 · answered by Big and small problems 2 · 0⤊ 1⤋
Listen to your agent not your boyfriends farther. Maybe he is the reason it has taken 2 yrs to buy a home. I am sure he has squashed many of deals for you.
Good luck,
RE Agent,
Remax
2007-02-26 23:29:16 · answer #4 · answered by frankie b 5 · 1⤊ 0⤋
start at 580k - the agent is acting for the seller so don.t listen to him.
If it is to low they will respond accordingly -then offer a bit more, not too much - make the agent work for you
2007-02-27 06:03:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It drastically depends upon how long that its been on the market.
less than 60 days-- you need to stick closer to the sales price.
More than 60 days-- shoot for the moon and offer $610 and wait for the counter offer.
2007-02-26 23:05:11 · answer #6 · answered by Anonymous · 2⤊ 1⤋
Trust the elder man's wisdom .Offer $610.000 and wait for the counter offer.If it doesn't come forth, offer 620.000 and it may not be easy for them to let go of that offer.Five grands more, if they insist and that should be all.
I hope you have done your Due Diligence studies!
2007-02-26 23:46:40 · answer #7 · answered by Anonymous · 0⤊ 1⤋
mid twentys i think that 620 they wouldn't even take considering they would be taking off 17,500 off the price. however it depends on what other offers they gotten and how fast they want to sell. I say go for it and see what happens....
2007-02-26 23:08:15 · answer #8 · answered by goochie1234 1 · 0⤊ 1⤋