Because of the market in my area I think that the house will sell quickly, but does that mean that I should consider conceeding to the asking price or go ahead with an offer?
2007-03-18 15:21:19 · 4 answers · asked by Sam D 1 in Business & Finance ➔ Renting & Real Estate
I think its important to come in with the first offer. From there, the seller may be willing to negotiate. My general rule of thumb is to offer between 92-94% of the asking price. So, thats about 115,000. From there, you can meet somewhere in the middle or negotiate closing costs, appliances etc.
2007-03-18 16:22:10 · answer #1 · answered by bpl 5 · 0⤊ 0⤋
This all depends on one thing:
How bad do you want the house?
Are you an investor and not emotionally attached? If so, play games with the offer and risk losing it so you can move on to the next deal.
If you want the house and really see yourself living in it (loving it) then (after you're checked the comps), make a full price offer and take it off the market.
2007-03-18 16:51:24 · answer #2 · answered by Tadow 4 · 0⤊ 0⤋
Go with the asking price.
2007-03-18 15:29:44 · answer #3 · answered by silkeng 2 · 0⤊ 1⤋
Offer 115,000. thats only an 8% discount. indicates you are serious.
2007-03-18 15:26:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋