i tried to buy a house it say cost 250,000 but i was searching an value is 235,000 in New jersey are, i only can affort paying 225,000 is this reasonable
2007-03-23 12:17:36 · 12 answers · asked by carlos 1 in Business & Finance ➔ Renting & Real Estate
You can put a bid on a house at whatever you want, but I would discuss the matter with your realtor. They can pull the comperable house sales from the last few months to tell you how close the houses have sold to the asking price. If you factor in the length of time the house was on the market, you very well may be able to get the house for the 225k offer. Good luck.
2007-03-23 12:25:49 · answer #1 · answered by Christopher L 3 · 0⤊ 0⤋
In NJ? Where property taxes are in permanent orbit around Jupiter and the state wants to sell off the NJ Turnpike to balance the budget? A state that is actually losing population to its neighbors? A state where real estate prices are through the roof? I'm not sure what kind of a shack you are buying or what boondock it is located in at only 250k, but for sure you should offer at least 10% below asking price. It's a buyer's market, baby, especially in NJ.
2007-03-23 20:27:04 · answer #2 · answered by jhartmann21 4 · 0⤊ 0⤋
Either bid $220,000 and go up to $225,00 if they counter offer. Or Ask for it for $225,000 with them paying you 6% towards your closing costs. It is a buyers market in most areas right now.
2007-03-23 19:22:59 · answer #3 · answered by crashfeldman 3 · 0⤊ 0⤋
Very reasonable. It's only as valuable as the amount someone is actually willing to pay for it, and that's true for real estate, and cars, and gasoline. If you pay that price, then you're saying that that object or service is worth that much money to you. The seller is saying it's worth "x" amount of dollars because that's what they want for it. But I bet they'd be willing to take your offer rather than no offer at all. God Bless you.
2007-03-23 19:28:16 · answer #4 · answered by ? 7 · 0⤊ 0⤋
Try to find out what other properties around there sold for, how long has it been on the market? Just a couple things to consider. Basically you can offer whatever you want, and the seller will accept or counter offer.
2007-03-23 19:21:05 · answer #5 · answered by Papa Joe 4 · 2⤊ 0⤋
Of course you can, but t may not be accepted, although right now houses aren't selling well, so you may be in luck. I think it is wise of you to stick to your upper limit, it is far too easy to go too high, often with disastrous consequences.
Good luck...if you can't buy this particular house, there should be many others.
2007-03-23 19:22:19 · answer #6 · answered by Nanneke 4 · 0⤊ 0⤋
Yes.
You can bid whatever you want for a house. An offer of $225000 on a $235000 house might be a sucessful bid.
2007-03-23 19:20:42 · answer #7 · answered by Stuart 7 · 2⤊ 0⤋
Oh yes, you can start your bid as low as you want and then compromise with the sellar back and forth. Thats a good bid i feel.
2007-03-23 19:44:28 · answer #8 · answered by Tootsie 1 · 0⤊ 0⤋
Sure it is reasonable. However, the seller doesn't have to accept it. If I were selling it, I would think that your offer was reasonable.
2007-03-23 19:21:55 · answer #9 · answered by bpl 5 · 1⤊ 0⤋
Yes. Then worst that can happen is that they reject your offer. If they are in a bind to sell you may just get it. Good Luck!
2007-03-23 19:21:41 · answer #10 · answered by jkm65 2 · 2⤊ 0⤋