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dave12welve | The house i want is for sale for 160000, im renting it and living in it currently. how much should i offer? |
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buzzards27
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If you really want the house I'd offer about 80% to 85% of what the property is worth for starters. Finding the true worth is the hard part.
Forget about what they are asking, that has nothing to do with what it is really worth. Study the comp's in the area, look at what is available now and look at recent sales. Also look at things like days on the market, how many are on local market and the demand for the area.
I would also research the recent history of the house, the condition of the house and any defects and added upgrading costs you may face. |
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BPSKI
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No body here in yahoo has seen the house, You need it to be inspected and appraised by a professional first. |
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walyank
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It depends on your market and the shape of the house. Talk to a buyer's agent. And check some other houses. You may be surprised and find something better and cheaper.
As far as I'm concerned your situation is the worst one to be in. The owner knows or will know that you want the house and may try to get more out of you just because he probably can. |
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Wildman
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That depends, has it been valued at 160K? have you seen the surveyors report? Is it on the open market? I don't think you have provided sufficient information to receive sound advice on from anyone. |
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Petry Builders, Beaumont, Tx
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offer as little as possible.
make sure the house is not in too good a shape and smells when others come to look at it. It will run the competition away. Just kidding.
You need to know what it is worth in the area. It may be a steal of a deal or that price may be 50% over market value.
We need more info to really assist you. |
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carmensellsthehighdesert
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There are many factors to be considered.
First, remember this is an investment for you. You are obviously emotionally attached to this property. Take yourself out of it for a moment. Is it worth what they are asking? What are comparable properties LISTED at? In this market, properties are priced competitively with other listed properties....not the SOLD properties.
Second, if you really WANT this property, you would be willing to pay fair market value for it. Your lender would be of invaluable assistance in this regard. He or she can pull up all the comparable sales and let you know approximately what the property would appraise for. If you offer less, someone can always come in and write a better offer.
Third, the property is LISTED. This means the Seller is paying commission to a buyer's agent. Find the most experienced Realtor in your area, and have that Realtor represent you in your offer. But be smart, look at some comparable properties in your price range before you make a decision! I would not suggest going direct to the listing agent. That agent is obligated to the seller to get the best price and terms. You want your OWN representation.
I hope this helps you with your decision! |
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General C
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5% below the asking price depending on the condition of the property. Start at that, because it makes the sale simpler for the seller. |
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debraalbagli
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That really depends where you live.I would offer $140,000 and see what the response is.Remember after inspections you can lower the price more. |
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Geeza Sooka Yerlips
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Not a good time to buy, the property market will crash just as it is doing in Spain at the moment, you can build a new property for 50% of the price they are asking for existing houses. |
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byebye
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start at 150,they'll probably take 155 |
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EVH 5150
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offer the full asking price providing you get a 5% deposit paid, which is £8000. |
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