There is a house that is priced in the $500's and now it is being offered in the $300's. Let me know what you think...
Thanks...
2007-06-16 15:09:38 · 7 answers · asked by whiterose3526 2 in Business & Finance ➔ Renting & Real Estate
His agent has priced the house to high for the market and he is desperate to sell. that doesn't mean you will get a good deal though. Be very careful as to the contingencies are if you do sign a contract. Or the agent could have told the seller to drop the price due to a bad home inspection report. I always tell buyers once they are interested in a house, pay for a home inspetion. Although it is an upfront cost, in the long run yu will save money and have a peace of mind.
2007-06-16 15:22:41 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Just because a house is priced for in the 500's doesn't make it worth $500k + just as a house priced in the 300's doesn't make it worth 300. Contact a Realtor and see if you can figure out its' real worth rather than being lured in by a price change.
Such a drastic change in price could be due to a bunch of reasons: seller desperation, a clerical error by the listing agent, potential commercial zoning got denied, fire, etc.
2007-06-16 23:41:55 · answer #2 · answered by linkus86 7 · 0⤊ 1⤋
Maybe it's a super motivated seller. Maybe the house was priced too high in the beginning. Research the neighborhood comps, check out the current condition of the house, see if it includes all the fixtures and appliances (or if they have been stripped out already) and have it professionally inspected. It could be a steal of a deal, or it could just be correctly priced, now.
2007-06-16 23:36:54 · answer #3 · answered by venicefloridarealtor 4 · 0⤊ 0⤋
There could be a lot of reasons for this. Either the home was overpriced to begin with and now they are being resonable, the sellers may need to get out quick, divorce, etc.
If you like the house put an offer contingent on appraisal and inspection.
2007-06-16 22:53:36 · answer #4 · answered by Lainie L 3 · 2⤊ 0⤋
Sounds like the owner is having to sell. Maybe being transferred to another city, or changed joins and has to relocate and is anxious to sell. The housing market is in a slump right how bad time to be selling a house which might account for it.
2007-06-16 22:15:06 · answer #5 · answered by JUAN FRAN$$$ 7 · 1⤊ 0⤋
Tooooooo good to be true.
2007-06-16 22:14:40 · answer #6 · answered by PontlaMama 1 · 0⤊ 0⤋
I queria understand you very much!!
2007-06-16 22:18:18 · answer #7 · answered by Anonymous · 0⤊ 1⤋