 The asking price on the homes I really like are twice as high as the appraisal value. Is it okay to offer much |
| less than asking price? The properties have acreage, nice homes but have been on the market for a couple of months. The location is good for us because it is right outside booming areas of town. They ... |
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 My landlady is selling the home we are renting(living) in, she originally gave us the option to buy it.? |
Unfortunately we do not have the down payment now. There is nothing in writing to my dismay. Do we have any rights? I do not know anything about renters rights.
This house is the first real ... |
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 How do I find an apartment when I'm moving almost 1000 miles away? |
| In a few months, I'm planning a move to another state. Kind of like a starting-over thing. I don't have the extra money to make an extra trip to check places out. A friend of mine stayed ... |
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me and my 3 kids moved into a 2 bed flat, the landlord gave me the tenancy agreement but i never signed it, just cos i forgot and he never chased it, i moved out without any notice now he wants
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| Im kind of on my own with this one, and ive found it to be a little overwelming. Ive been prequalified and I know which house I want (its in my range and Ive figured out what I can afford, and not ... |
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 Thank you gift for my realtor? read on...? |
i want to give her something to express our appreciation.
a decade of good advice is beyond price.
yeah yeah, i know she gets a commission. but i want to do something else. <... |
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 What category do I search for in the phone book to find someone who can estimate the value of our house? |
| I don't want a real estate agent, they can only search similar properties which sold. I'd like a bank estimator to find out how much of a mortgage they would allow on the property but ... |
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 How get the name of a homeowner of a house in my neighborhood? |
| I had a slip and fall on someones sidewalk. How do I find out the name of the person who owns the home? I want to give them the doctor bill.... |
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| we rent a property through an agent, and the landlord has just given the key to a engineer to look at the gas boiler. The engineer just unlocked the door and entered is that really aloud. where would ... |
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 Which apartment should I get? |
Apartment #1 Pros and cons
*Allows pets- I have a cat
*Larger, 2 bed 1.5 bath.
*Rent is 595 w/utilities
*Good neighborhood
Cons
*Farther away from ... |
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 How much is 20% down payment for a house that cost $160,000? |
| how much is 20% down payment for a house that cost $160,000??... |
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 Would you buy a house if you have the money? |
| let said you have come up with enough money to buy a house, would you buy a house or leave it in the bank to earn interest that's high enough to cover your rent?... |
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 How do I ask a (some what creepy) room mate to leave? |
| I need to ask my roommate to move out. I have tried to resolve the situation, but he doesn’t seem to get it. I have to admit, it’s partly my fault… letting someone move in that I don’t even ... |
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 I want to find someones home address they owe me 10 thousend $$$? |
| im trying to locate a person who owes me 10k and i cant find them all i have is a phone number .they are a voiding my calls and i want my money ...i cant afford a private investigator.i need some ... |
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 I need some advice pls. i sold a piece of land to a close friend of mine. she has no enough cash to pay the? |
| full amount. so she told me she will issue four checks in addition to small cash she will give me. she gave me a cash of about 5.000. now we did not register to her name yet, but instead i gave her ... |
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bopbo | Real Estate question? How much is a seller willing to go down in price? |
10,000-20,000 or what. When you sold your house how much did you ask for and how much did you get. or if you bought a house what was the listed price and how much did you pay? |
 |
 
wrkey
 |
We recently sold our home and purchased another. The home we sold we originally listed for $114,000 and got lots of 'lookers' but everyone wanted us to discount and/or pay their closing cost. We were very firm on the selling price of our home as everything was in great condition, we had installed new carpet and my wife is a professinal faux painter so the interior was amazing. However, it seemed that everyone that looked at the house wanted some type of discount from us or closing cost paid by us. Subsequently we raised the listing price to $117,000 and then sold it for the original asking price of $114,000 shortly there after. What we discovered was that many buyers are out there because they have been convinced they can purchase a new home for little or no money down by the real estate agents who are getting the sellers to discount and/or pay closing cost. This obviously was very aggravating for us.
As for the home we purchased... it was listed for $175,000 and we offered $160,000. This was not due to us wanting them to pay closing cost (we both paid our designated closing costs) nor were we looking for down payment assistance. This home hadn't been lived in for almost a year and had been on the market for over a year. The AC system had to be completely replaced, and there was carpet that needs to be replaced plus there were lots of other items that needed to be fixed. The home inspection report listed over 115 items of concern. We eventually settled on a price of $165,000. The AC we installed cost us $8,500 and the items we had to fix to make the home livable (plumbing, electrical, etc) brought our total expense up to around the $175,000 they were asking.
What I am trying to point out here is that there is no set amount or percentage that a seller should discount their home. However, in today's market most buyers 'want something'. Therefore my recommendation is this: First determine the minimum dollar amount you want for your home. Then never sell below that amount! Secondly, increase the 'listing price' of your home to an amount you know your home can appraise for and still be close to the 'going rate' of surrounding homes compariable to yours. This will give you the bargaining room you will need to insure you get at least that bottom number you are asking for.
Good luck and I hope this helps! |
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Capn Jon
|
It really depends on the seller, the area the house is in, and how long the house has been on the market. Most sellers hold out for as much money as possible, but when the house hasn't sold for a few months, they usually come down. If there are many houses for sale in the same neighborhood, chances are that the seller will drop the asking price even further. Do you have any other houses you like as well if this seller chooses to ask the full price?
We dropped the price on our old house by $20K because it had been on the market for 9 months. |
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LADY__LUCK
 |
Depends how much the house is worth - mine was on the market for 200k and i got it for 165k - it also depends on how long it has been on the market for and whether you are in a chain or not |
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David S
 |
Depends on many things...
1) how reasonable was the house priced to start with
- if the house is underpriced or at the market, they may not
feel the need to move the price
2) what is the average time on market in the area
- if the seller knows it will take them 90 days to sell and they
have been listed for less time, they may not be willing to
move the price yet
3) how motivated is the seller
- did they relocate or purchase another property or are they just
fishing around to see what they may be able to get
i would suggest looking at what comparable houses in the area sold for (price per square foot) to determine what you may want to offer. also tax records can be used as an indication of value, knowing when it was last sold and how much more (%) than the taxed value you can expect to pay. |
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littlebettycrocker
 |
IT DEPENDS ON THE APPRASIAL VALUE OF THE HOUSE. THEY WILL USUALLY COME DOWN IN FROM FROM 2,500 TO 10,000 DEPENDING ON HOW MUCH THEY WANT TO MAKE OFF OF THE HOME AND IF THEY ARE USING A REAL ESTATE AGENT OR NOT(THEY GET 7% COMISSION, USUALLY) HOPE THIS HELPS |
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Karen R
|
Nothing-a million. Depends on what the seller wants to do. |
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admiralgill
|
depends on the local market and how motivated the seller is to sell. usually you can never expect a greater percentage than about 5 I would think but if they really want out..... |
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MR. Tumnus
|
It depends on the person selling. If it was me selling, I wouldn't go down $20,000; however, I'm pretty reasonable in the first place sticking close to the fair market value. |
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~CS~
|
depends on the area,market,and house some none others 70,000 but usally it depends on how long it's been on the market but u can almost always go down 10,000. |
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nerads
|
If you are the one selling your house, don't budge an inch!
But if you are buying a house, it depends on what things you can find wrong with it. Always be critical. Don't show interest! Be aloof. For example I bought a 4/3 for $250,000. The seller wanted $275,000. But then I told her to dump her agent, and for us to go the deal alone so she wouldn't have to pay commision (the agent wanted like 7%). You can use that, play on the commision. In addition I pointed to various foundation flaws, etc. Just be critical, cut some of the price down, use some common sense. Throw in some scrip, furniture maybe, a vacation or something. Seriously. You can cut $4000 off a house with a $1000 vacation. Creativitiy in real estate deals can pay off! Just be sure to do your reasearch into what the seller likes.
Hope that helps. |
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Ralfcoder
 |
It depends on the market, on the house, and on the seller. There's no easy formula where you plug in the numbers and turn the crank. The only thing you can do is tender an offer and see what how seller responds. If they are desperate, they may jump at the offer. If they are in no hurry, they may counter or reject the offer. Ask your realtor for advice. |
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jdensfor
|
Ever person and situation is different. It depends. |
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S. Leroy
 |
go with 5% to start |
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rugbyplayerseattheirdead
|
Some home buyers don't not inflate their price to begin with so sometimes what they are asking for and what they want are the same thing. |
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Greg
|
Depends on your local market. In most cities it is definitely a buyers market. So, the good news is you should offer less.
Have you tried to the various internet home value sites to try to get a feel for the average market price in the neighborhood that you are bidding on.
10-20K on a 200K+ house is about right though. You have to do your homework first, as you do not want a ridiculously low offer if the home was price fairly in the first place.
I have listed a home for 175K and took an offer for 168K. |
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-jesse-
|
it depends in the situation....
depends in the environment or place of the house....
also depends on the structure of the house....
and finally if not the least it depends on how generous your buyer is.
if it is business oriented it depends also on the market price or land value in your area(meaning you cant exceed the said price in the market but it can be lower in it) |
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homebuyer
|
I'd offer them whatever I thought was a fair price, and wait for their response. Compare the house to others that are similar, and also take into account any repairs it needs, and subtract the price of repairs from the price of the house that the are asking. They may accept your offer, or make a counteroffer, or, they may just say no. It costs nothing to make the offer.
I have paid less than the asking price by 10%, and also paid the full price, because I thought the price was fair, and I wanted the house.
As a seller, I wouldn't just reject a low offer, I would counter offer. |
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