2007-07-13 10:11:39 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Your offer should depend on several factors. One how much can you afford to pay and how much are you willing to pay for this particular condo. Then you need to know what the property is appraised for, they may be asking 245 and it is only appraised at 220. Next find 3 or 4 other properties similar to that one that have sold recently, either through the county auditors office or Realtor to see what the market value truly is and make a fair offer based on this information. You don't want to offend the seller by an offer that is too low, but you don't want to pay more than you have to either. It helps also to be preapproved by a mortgage lender so that you know you can get the condo if you really love it.
2007-07-13 10:18:49 · answer #1 · answered by Bubbles 2 · 0⤊ 0⤋
how fast is your market and how bad do you want the place? check neighboring condos and put your offer somewhere in the ballpark, but not too much lower. depends on demand--are a lot of folks scrambling to get this place or just you? how long has it been on the market? a long time? the owners might go lower. very new? they might not. very hot market? you might have to offer exactly the price they want or even higher by a couple of thousand.
2007-07-13 10:15:33 · answer #2 · answered by KJC 7 · 0⤊ 0⤋
It really depends on the market in that specific area. If you do not have a pre apporved mortgage you should check out www.restructureyourmortgage.com. Best of Luck
2007-07-13 10:36:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋