amount of work which is is fine thats what we wanted. Its an older woman who's husband passed away and she brought a small condo. Its listed at 379,000 we are putting a bid in for 300,000 and if need be we will go up to 310-315. What are the chances that she will accept the bid? We felt it was legite in this crappy market, houses keep going down and its needs alot of work... any thoughts?
2007-12-12 08:24:20 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It's worth a shot....if she declines, go to $310, insinuating that $315 is your top offer.
If no go....no harm done
2007-12-12 08:34:20 · answer #1 · answered by icemanmurph 5 · 0⤊ 0⤋
it depends on the appraised value of the home. call a motgage broker and have him call an appraiser on the home this will tell you the market value of the home. Then take into consideration the cost involved in fixing the property professionally and then consider time and incnvenience ( dont exagerate in this category) now you have a fair and reasonable price and you can make your offer and explain it too. Make one offer and make it fibnal it has alot of impact on sellers that the offer is final accept or deni and also present your pre qualification at the bank show on the app the down payment and finally send all of this customized paperwork with your offer the final result will be a seller who sees a serious buyer who wants to help them out of the home in a fair and reasonable manner
2007-12-12 09:30:06 · answer #2 · answered by Fabio G 3 · 0⤊ 0⤋
You never know what a person will accept on their home. There may be factors that you don't know about. Your offer should reflect what you feel the home is worth. I never discourage my clients from making any offer they want on property I show them. I have had clients that have made very low offers, which I submit, but deep down I feel it will be rejected and have been surprised when the seller accepts the offer. She may just want to get what she can out of the house and she may have painful memories of the house, now that her husband is gone. Make the offer that you are comfortable with. Good luck.
2007-12-12 08:40:29 · answer #3 · answered by whimsey_newf 2 · 0⤊ 0⤋
Did you ask a real estate agent to do a CMA? What are other houses in the area getting? Don't look at sales prices, but at sold prices.
If I was a real estate agent in N Babylon, I might have an idea, but someone from anywhere else would have no clue the value of the property. You might try Zillow.com. Sometimes they have right on values and other times they're in left field, but it's free to look.
2007-12-12 08:34:57 · answer #4 · answered by Debdeb 7 · 0⤊ 0⤋
In regards to remodeling ,..do you plan to sell later?...if yes do it with the intent to appeal to a wide audience..if it's yours...for life be careful to think of all small things that meant so much to you both as you were growing up and fix them into the design [ when I grew up the fashion of the time was raised wallpaper, I've seen it nowhere since]
2007-12-12 08:41:31 · answer #5 · answered by ? 6 · 0⤊ 0⤋
I guess it depends on her motivation, what she owes, (some people owe way more than current value) and if the price already reflects the condition. Are other homes near by going for 550k? If so I would say it already is reduced. Now if near by homes are going for 370k, your offer may be good enough.
RE Agent,
Remax
2007-12-12 12:14:40 · answer #6 · answered by frankie b 5 · 0⤊ 0⤋
If she needs somebody else to handle the horses along with her, it somewhat is fantastic. it somewhat is her very own loss. As for dumping the bucket of water into the stall, it somewhat is only stupid. i won't be able to even arise with a logical reason to EVER sell off a water bucket in a stall. It makes the stall moist, and it places the very fabric you probably did no longer choose the horse to drink onto its eating and sound asleep floor. only stupid in my e book. So i may be certain she have been given to mattress and positioned the horse in that distinctive stall. "Oh, you choose a horse in that stall? Janie could desire to try this, she already started prepping the stall until now."
2016-11-26 01:52:10 · answer #7 · answered by harbert 4 · 0⤊ 0⤋
Good chance , I'd say. Fixer-uppers are probably less popular in this declining market. I'd guess your only competition would be someone with more gumption than y'all got and that seems unlikely.
2007-12-12 08:28:43 · answer #8 · answered by te144 7 · 0⤊ 0⤋
It will depend. Maybe the 379000 price already reflected the condition. Is this the case?
If you don't ask, you don't get.
2007-12-12 08:28:11 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Depends on how anxious she is to sell....go for it...good luck.
2007-12-12 08:28:32 · answer #10 · answered by margherita 4 · 0⤊ 0⤋