My husband & I are looking at a half plex being sold at $269,900.00. We are getting ready to offer $250,000 with seller paying closing costs...is this a low ball offer?
House has been empty for 5 months.
We're hoping for a motivated seller.
2007-04-23 07:41:43 · 9 answers · asked by amymaha73 2 in Business & Finance ➔ Renting & Real Estate
You have a right to offer any amount that you wish. If you are uncertain about the value of the property, have your own appraisal done. You may get a report that says it is worth less than $250,000. When people put properties up for sale, they set an asking price as high as they can reasonably justify. There are occasions where a property eventually sells for more...repeat, more... than the asking price.
2007-04-23 07:53:22 · answer #1 · answered by regerugged 7 · 0⤊ 0⤋
After your offer, with additional closing costs (averaging 3% or so) your looking at a sale price of 242,500, which is only 89% of the asking price.
You can expect a complete rejection of a counteroffer of at least 255,000.
If I was your agent, because of the fact you are asking for concessions, I would recommend that you come up a little.
Good Luck on your offer.
2007-04-23 07:52:30 · answer #2 · answered by Jeff H 2 · 0⤊ 0⤋
I just bought a house that is $40,000 below the seller's asking price -- and got it. Don't feel bad. If the seller wants to sell and the house has been on the market for quite some time, they will bite.
Market is slow - use it to your advantage as a buyer
2007-04-23 07:50:53 · answer #3 · answered by imisidro 7 · 0⤊ 0⤋
Very reasonable. A lot of people start at up to 10% below asking price and negotiate up from there. Send the offer, they will either decline, counter or accept. Good Luck.
2007-04-27 06:16:24 · answer #4 · answered by novastarbanker 3 · 0⤊ 0⤋
I am a Realtor with Prudential in Oregon. I wouldn't hesitate to present that offer. Not a low ball offer.
2007-04-23 07:53:18 · answer #5 · answered by caddemd 2 · 0⤊ 0⤋
Now knowing where you live, I have to go with my experience. That's a little low. A better offer that's still lower than asking would be $256,000. I know what you're thinking, that's only a $6K difference, but it is a difference in real estate. It's all based on percentages. I would offer $255K.
2007-04-23 07:50:09 · answer #6 · answered by ValentineP 4 · 1⤊ 1⤋
You are making a great offer. I am much more stingy, I would start the negations at 220k. They are desperate and likely to bite.
2007-04-23 17:00:57 · answer #7 · answered by Landlord 7 · 0⤊ 0⤋
I wouldn't feel badly about presenting an offer like that!
Good luck, I hope you get it!!
2007-04-23 07:45:32 · answer #8 · answered by Art 4 · 1⤊ 0⤋
You have nothing to loose, go for it and good luck!
2007-04-23 07:49:22 · answer #9 · answered by lynda l 5 · 1⤊ 0⤋