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dbleplay17
My 2 boys!
Member since 10/06 4578 total posts
Name:
Chrissy
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how to put in a bid
Ok there is a house that me and the DH Love!
It is in our hometown where we want to live in sooooooooo bad
It is 409 for 3 bdrm and a full basement
now it is old
the kitchen def needs to be updated
so does the bathroom
We have no prob doing this but at the moment it is liveable
What would be a good bid
is 350 way too low?
I mean I dont wanna be laughed at either and have te offer not considered
do you think if the house has been on the market since July it is a bad thing?
I mean it needs work! But me and the DH are looking for that but I cannot see 409 for it!
Need opinions please!
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Posted 11/3/06 10:22 PM  |
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Deedlebugs
Blessed
Member since 12/05 10281 total posts
Name:
Kiki
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Re: how to put in a bid
I would put the bid in for $350k, the worst they will do is counter the bid. Dont feel silly, go for it!!!
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| Posted 11/3/06 10:30 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: how to put in a bid
we like a house that is a little under $400 - we are thinking about putting a bid in for $350 (we know the sellers are desparate to sell)
I say go for it!
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| Posted 11/4/06 6:36 AM |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: how to put in a bid
Posted by Deedlebug126
I would put the bid in for $350k, the worst they will do is counter the bid. Dont feel silly, go for it!!!
agree
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| Posted 11/4/06 7:23 AM |
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2PreciousBlessings
The Perfect Pair
Member since 5/06 19861 total posts
Name:
Best Wife & Mommy
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Re: how to put in a bid
Posted by Deedlebug126
I would put the bid in for $350k, the worst they will do is counter the bid. Dont feel silly, go for it!!!
Agreed!!! Good luck!!!
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| Posted 11/4/06 7:26 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: how to put in a bid
Well IMO it really depends on the area and what houses are going for there
IMO....If i LOVED the house. No i would not put a bid in that low...
The worst isn't that they will counter...the worst is that they will laugh and say NO.
Then you will have to go up and up until they feel you made an acceptable offer to which they would think about countering...
But ultimately it really depends on
1. the area
2. how long the house is up for sale
3. how much the houses are going for NOW in that area...
good luck
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| Posted 11/4/06 7:51 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: how to put in a bid
if they say no, you can big again higher.
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| Posted 11/4/06 8:33 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: how to put in a bid
Posted by Meaghan729
if they say no, you can big again higher.
of course you can
but IMO then they have the upper hand...
They are going to sit there and keep saying no no no no....until you come somewhere within that range that they are looking for..
I personally would hate to be in that position
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| Posted 11/4/06 8:36 AM |
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MrsPorkChop
Twinning!!
Member since 5/05 9941 total posts
Name:
Missy
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Re: how to put in a bid
i say bid 355-365 if its a good area and a house you love
350 is a little bit of an insult
dont forget, if you agree on the price, after the inspection, you get to see wahts wrong with it and get some credits etc. i got a few thousand off of my closing costs by asking for credits around the contract time.
keep that in mimd
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| Posted 11/4/06 8:50 AM |
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Re: how to put in a bid
i saw a house that was listed for 650 it sold for 525. It was in a great neighborhood and great condition. I don't think 350 is insulting. Why pay more if you don't have to.
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| Posted 11/4/06 9:01 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: how to put in a bid
Posted by architectnycity
i saw a house that was listed for 650 it sold for 525. It was in a great neighborhood and great condition. I don't think 350 is insulting. Why pay more if you don't have to.
houses in the upper range seem to have a lot of mobility and range now that the market is turning the way it is
And it is affecting, IMO the upper end houses much more than the lower
IMO i think you really gotta know the area, know how long the house has been up for, and obviously know what you can afford
IF i LOVED a house...i would weigh what i just said and put my BEST or close to best offer..
IMO 350 is insulting to a LOT of areas
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| Posted 11/4/06 9:06 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: how to put in a bid
I think 350 is a little low. I would say 360.
The house being on the market since July is not so bad. If it was on the market since March..well then all bets are off.
Do you know how motivated the sellers are? That really is the factor that will help you.
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| Posted 11/4/06 10:20 AM |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: how to put in a bid
when we bought it was the height of the market, the house was $430 we offered $379 they said no, they called us a month later and were willing to negotiate, so go with your gut
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| Posted 11/4/06 12:33 PM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: how to put in a bid
It also helps if you already have your pre-approval letter from your lender bc it proves you are a serious buyer.
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| Posted 11/4/06 6:42 PM |
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JMF
LIF Infant
Member since 3/06 230 total posts
Name:
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Re: how to put in a bid
Go for it!! Also... do some searches and get comps in the area to back up your price.
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| Posted 11/5/06 10:00 AM |
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angnick
Life is So Wonderful!
Member since 8/06 6663 total posts
Name:
Angela
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Re: how to put in a bid
if it needs that much work, i would go even 10-15k lower.
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| Posted 11/6/06 8:42 AM |
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