It's been on the market for quite awhile and is now vacant? Is there anyway to find out how much is owed on it?
2007-09-03 11:01:01 · 7 answers · asked by J. S 2 in Business & Finance ➔ Renting & Real Estate
According to one answer which asked why would I offer less......why wouldn't I? I know for a fact that houses list on the high side just so there IS room for negotiating! And, the price I pay for the house does NOT in any way affect the property value! That's ridiculous! Not to mention the improvements I would make, it would be worth more! The house lists for $134,900. I know how much I can afford, so why not offer that. They know how low they can go, too.
2007-09-03 13:00:02 · update #1
Chances for bidding on a house for 25k less than the asking price is EXCELLENT.This is an awesome market for buyers. Don't be afraid...! Get a good Realtor and let him/her negotiate for you!! No seller will automatically turn down any offer; smart sellers will negotiate, just as smart buyers. You can have your Realtor look it up and get a good idea of what is owed on it, or go to your local county clerk recorder's office and check yourself. Or Google it and get the info online free as well, though maybe not as up to date unless you get on your local govt. site to check out the porperty. Just look up a good Realtor by word of mouth or the yellow pages. Realtors are not going to charge you for providing you with information; they get paid per close of each transaction they service. Hope this helps, email me with further questions if you want :)
2007-09-03 11:17:35 · answer #1 · answered by J k 3 · 1⤊ 1⤋
If the house is worth $50K, chances probably aren't good. But if it's worth $300K, you'd probably have a pretty good chance of getting it for $25K less than the asking price, especially if it's been vacant and on the market for quite awhile.
You probably can't find out what's owed on it, but that might not matter in whether the seller accepts your offer or not.
2007-09-03 11:05:51 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Maybe and maybe not. If the house is worth the current asking price, why would you offer less? If it were your home on the market and no buyers, how would you feel about someone offering your $25,000 less? It's people like you that are causing all the reductions in value. So think about this, now you bought this house for $25,000 less, in effect your property is now worth $25,000 less in value as well. Some deal you bought yourself huh?
2007-09-03 11:11:20 · answer #3 · answered by Anonymous · 0⤊ 2⤋
It depends on the value of the house. If they are really anxious to sell you may get 15% off the asking price-considering that the asking price is reasonable. If the house is listed with an agent-talk to them.
2007-09-03 11:06:01 · answer #4 · answered by Jane T 3 · 0⤊ 0⤋
Sure you can make an offer for $25K less. Also remember now they are making 2 house payments or stopped making payments on the one you are looking at.
2007-09-03 11:06:10 · answer #5 · answered by Leo F 4 · 0⤊ 0⤋
You can offer whatever you like. The object is for you and the seller to come into agreement.
2007-09-03 17:06:46 · answer #6 · answered by divepassion 2 · 0⤊ 0⤋
You risk insulting the seller. In which case, they will not take you seriously if you up the offer.
2007-09-03 11:15:57 · answer #7 · answered by DallasLoanGuy 2 · 0⤊ 0⤋