2007-03-02 11:45:38 · 11 answers · asked by kenneth h 6 in Business & Finance ➔ Credit
if you know no other offers are going on the house, I would low ball it. Likely they will come back with another offer and you counter offer again until you agree on a price. Your agent does all this for you.
2007-03-02 11:49:03 · answer #1 · answered by Anonymous · 0⤊ 1⤋
That depends on the value of the property versus the asking price. Some properties may have several offers that even exceed the asking price placed by buyers who would try to “outbid” other potential buyers who have agreed to pay list price.
2007-03-03 00:48:03 · answer #2 · answered by chuck allredd 1 · 0⤊ 0⤋
Never pay asking price. NOT EVER. There are more houses than buyers. Builders are not out to make a fair mark up. They are out to get rich while the market is good. Salesmen work on a commission often and the more you pay the more they get.
2007-03-02 22:01:46 · answer #3 · answered by cold_fearrrr 6 · 0⤊ 0⤋
It depends on the builder. If they have "fluff" built in, you can negotiate. Not a good business practice for the builder who's in for the long term. The neighbors will eventually talk and if one guy brags he got $3,000 off somebody else will top that with his $5,000 discount. Builders aren't like normal sellers where they can give away equity. They price their homes, typically, based on cost plus a normal profit. I'd steer clear of the "negotiators."
2007-03-02 19:56:20 · answer #4 · answered by yfrkim 2 · 0⤊ 1⤋
I'd try to find a house they built 5 years ago and sold to someone that couldn't afford it. Offer enough to pay off the mortgage, and save them from foreclosure. If they have any equity, they can sell below market price just to preserve their credit history.
2007-03-02 21:07:42 · answer #5 · answered by STEVEN F 7 · 0⤊ 0⤋
Negotiate wisely. If it is listed at a good price they may get a full price offer while you have submitted a bargain that you don't get.
2007-03-02 19:49:30 · answer #6 · answered by Nelson_DeVon 7 · 0⤊ 1⤋
It is always best to negotiate. Usually a persons list price is way above what they will settle or accept. For instance I am planning on selling my 1950's 2 story colonial in about 6 months. The median in my neighborhood is about $96,000 to $120,000. I plan to list it for about $120,000 knowing I might only get $100,000 for it. So usually sellers list high above their expectations. So always negotiate.
2007-03-02 19:52:26 · answer #7 · answered by ANJANETTE C 3 · 1⤊ 1⤋
Offer a lower price.
2007-03-02 21:12:08 · answer #8 · answered by Mariposa 7 · 0⤊ 0⤋
depends on the market....right now it is a buyers market so you negotiate...when it is a sellers market, you may get into a bidding war and end up paying much more than the asking price
2007-03-02 19:53:24 · answer #9 · answered by Anonymous · 0⤊ 0⤋
By all means, negotitate. Usually you can save some money by asking for upgrades or other extras, if they won't come down on the price. Good luck
2007-03-02 19:55:05 · answer #10 · answered by Fordman 7 · 1⤊ 0⤋