2007-10-29 03:23:38 · 4 answers · asked by yoyo pop 1 in Business & Finance ➔ Renting & Real Estate
The answer is it depends...
Who owns it? Private owners are more likely to take offense with a low offer. Banks just look at it as a business deal, as do builders.
How long has it been for sale? One day and a low offer is an insult. One year and hey, an offer is an offer.
What is the pricing history on the house. Is it set at one price and never dropped? Has it been steadily decreasing? What is the typical sales price/list price ratio in your area? Is the price justified by local comps or not?
All of these questions need to be answered before you can really know if it is too low or not!
Good luck!
2007-10-29 04:13:37 · answer #1 · answered by Rush is a band 7 · 1⤊ 0⤋
as low as you want you are bidding for a house not the guy's frindship make money and use his weaknesses to your advantage this is not a game its your bigest investment of your life. who cares about his/her feelings if they sign on the doted line then good if not go on to the next home and bid as low as you think you can go. Dont bid low for the fun of it bid what you believe the house is worth and if you cant afford it bid for what you can aford
2007-10-29 11:18:29 · answer #2 · answered by Fabio G 3 · 0⤊ 1⤋
You can insult a seller, however, in today's market, they are interested in any offers.
You should base your offer on realistic market prices. If a home appears to be worth a certain amount, based on comp sales, make sure you include that fact in your offer.
2007-10-29 10:28:30 · answer #3 · answered by patrick 6 · 0⤊ 1⤋
Have someone not associated with the real estate agency selling the house, come and appraise it for you.
And there's your lowest bid.
Good luck.
x
2007-10-29 10:32:27 · answer #4 · answered by karmaa 3 · 0⤊ 0⤋