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JDubs
different, not less
Member since 7/09 13160 total posts
Name:
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% offer on a house
What % is acceptable to offer on a home without insulting the homeowner? I just want to know what a reasonable start point is for an offer (before counteroffers, etc)
TIA!
Message edited 10/28/2009 3:29:48 PM.
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Posted 10/28/09 3:29 PM  |
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Prudential Douglas Elliman Real Estate
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alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
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Re: % offer on a house
There is not %. For us it was different with every house depending on the amount of work to be done and the comps in the area and how we thought the house was priced.
One house had multiple offers so we put above asking and it was still going to be a great deal. Another we went crazy low cause we thought the house was overpriced and needed a ton of work.
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| Posted 10/28/09 4:38 PM |
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jen919ifer
LIF Adolescent
Member since 7/08 803 total posts
Name:
Jennifer
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Re: % offer on a house
we would sometimes bid 50-60k lower
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| Posted 10/28/09 4:40 PM |
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HeatherRose
Life is Good :)
Member since 11/07 6605 total posts
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Re: % offer on a house
*most* homes are priced accordingly these days with the market the way it is so offering a percent less then asking price is hard
your best bet is to run recently sold homes in the area where you are looking on mlsli.com and base your price on that. (you can actually type in the street address, and see all the recent home sales)
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| Posted 10/28/09 4:51 PM |
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MaZz
* Lovin my baby girl!!! *
Member since 2/09 6243 total posts
Name:
Gina
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Re: % offer on a house
use propertyshark.com to see some comp sales in the area... you'll get a better idea than using a %... and then take into acct the condition of the house and adjust the price point higher or lower or keep the same if avg...
it depends on too many factors for us to give you a %.... i can def tell you though that my seller priced a little high so we started out at 35k lower than asking and dont be surprised by the counter... our seller countered only 2k lower than asking!!!! We like to think it was a slap in the face for another slap in the face, but the seller played the game and agreed to a firm price we set forth... its a buyers market... use that to your advantage!!!!
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| Posted 10/28/09 10:52 PM |
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maymama
my little loves
Member since 8/08 18453 total posts
Name:
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Re: % offer on a house
my uncle (REA - owns a coldwell banker) says "in this economy, if your first offer doesnt make them laugh at you, you've offered too much"
you can always counter 
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| Posted 10/29/09 10:45 AM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
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Re: % offer on a house
I have to say (as a seller), sellers don't have many opportunities to be insulted. (and this is coming from someone who was insulted when selling in 2005 - but we had multiple offers...so we could tell him to forget it.
Unless you are offering 50 - 100K below recent comps (NOT listing prices), offer what you feel is fair.
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| Posted 10/29/09 12:10 PM |
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