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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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This probably belongs on the home board
but since this board gets more traffic...
in this market, with SO much inventory and the interest rates higher than last year, do you think it is reasonable to offer 15% below asking.
DH and I saw a house we liked yesterday, out of our price range. they've already lowered the price $30K since they first listed in April. we were thinking of maybe making an offer for $60K below asking 
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Posted 6/25/06 9:44 AM  |
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kms717
St Philomena Protect My Son
Member since 2/06 2747 total posts
Name:
Kelly
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Re: This probably belongs on the home board
Try it, it can't hurt, they will just counter you. We bought our house last year and it was like pulling teeth to get them down 20,000. We actually walked away from the deal and the realtor called us back a couple of weeks later.
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| Posted 6/25/06 9:51 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: This probably belongs on the home board
Posted by kms717
Try it, it can't hurt, they will just counter you. We bought our house last year and it was like pulling teeth to get them down 20,000. We actually walked away from the deal and the realtor called us back a couple of weeks later.
we went out to dinner last night and the waiter saw us looking at the paperwork from house hunting yesterday. he told us that he bought his house in 2002 for 15% below asking, and this was back when there were bidding wars in some areas around here.
So of course that got me thinking ... we would basically be offering them $90K less than their original asking price. 
Message edited 6/25/2006 9:59:44 AM.
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| Posted 6/25/06 9:59 AM |
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Shanti
True love
Member since 6/05 12653 total posts
Name:
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Re: This probably belongs on the home board
Go for it.... you never know and the worst that can happen is they say, no
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| Posted 6/25/06 10:00 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: This probably belongs on the home board
Posted by SweetestOfPeas
but since this board gets more traffic...
in this market, with SO much inventory and the interest rates higher than last year, do you think it is reasonable to offer 15% below asking.
DH and I saw a house we liked yesterday, out of our price range. they've already lowered the price $30K since they first listed in April. we were thinking of maybe making an offer for $60K below asking
IMO...from what i have experiences....
it depends on the house price
the area
and how deperate the seller seem to be
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| Posted 6/25/06 10:00 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: This probably belongs on the home board
Posted by SweetestOfPeas
.
So of course that got me thinking ... we would basically be offering them $90K less than their original asking price.
so how much less are you going to bid from the current price?
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| Posted 6/25/06 10:01 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: This probably belongs on the home board
Posted by Redhead
Posted by SweetestOfPeas
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So of course that got me thinking ... we would basically be offering them $90K less than their original asking price.
so how much less are you going to bid from the current price?
if we put an offer in, it would be for $60K below asking. we need some room for counters
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| Posted 6/25/06 10:07 AM |
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kms717
St Philomena Protect My Son
Member since 2/06 2747 total posts
Name:
Kelly
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Re: This probably belongs on the home board
Good luck 
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| Posted 6/25/06 10:08 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: This probably belongs on the home board
Posted by SweetestOfPeas
Posted by Redhead
Posted by SweetestOfPeas
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So of course that got me thinking ... we would basically be offering them $90K less than their original asking price.
so how much less are you going to bid from the current price?
if we put an offer in, it would be for $60K below asking. we need some room for counters
well i hope that they counter offer instead of just saying NO
Do you plan to move up?
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| Posted 6/25/06 10:10 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: This probably belongs on the home board
Posted by kms717
Good luck
thanks
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| Posted 6/25/06 10:10 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: This probably belongs on the home board
Posted by Redhead
Posted by SweetestOfPeas
Posted by Redhead
Posted by SweetestOfPeas
.
So of course that got me thinking ... we would basically be offering them $90K less than their original asking price.
so how much less are you going to bid from the current price?
if we put an offer in, it would be for $60K below asking. we need some room for counters
well i hope that they counter offer instead of just saying NO
Do you plan to move up?
we're not even sure we're definitely making an offer... but if we do, we can go up another $20K max
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| Posted 6/25/06 10:10 AM |
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Shanti
True love
Member since 6/05 12653 total posts
Name:
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Re: This probably belongs on the home board
Good luck
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| Posted 6/25/06 10:11 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: This probably belongs on the home board
Posted by DMcK
Good luck
thanks
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| Posted 6/25/06 10:11 AM |
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MrsPorkChop
Twinning!!
Member since 5/05 9941 total posts
Name:
Missy
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Re: This probably belongs on the home board
definitely go for it
if its the difference between not bidding at all or bidding very low, bid very low!! worst case is they dont come back or ask for a best and final
they will probably come back 30 below
eta- your broker will tell you the felling of where they are at
if they are desperate versus if they are looking at other offers or are not in a rush
tell him to get a feel from their broker first to kind of gauge them. ask your broker what he thinks. make him/her work! thats what they are there for!
Message edited 6/25/2006 10:14:44 AM.
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| Posted 6/25/06 10:12 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: This probably belongs on the home board
Posted by preshy7
definitely go for it
if its the difference between not bidding at all or bidding very low, bid very low!! worst case is they dont come back or ask for a best and final
they will probably come back 30 below
it's amazing how much more you get when you bump up the range of prices on the house. we saw 3 houses yesterday that were nice! we're hoping to find someone desperate enough to come down a LOT. one of the sellers put in a $2K bonus for the agent that gets them to contract by 7/15. there are over 140 homes for sale in the town we're looking at.
Message edited 6/25/2006 10:15:49 AM.
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| Posted 6/25/06 10:15 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: This probably belongs on the home board
Posted by SweetestOfPeas
Posted by preshy7
definitely go for it
if its the difference between not bidding at all or bidding very low, bid very low!! worst case is they dont come back or ask for a best and final
they will probably come back 30 below
it's amazing how much more you get when you bump up the range of prices on the house. we saw 3 houses yesterday that were nice! we're hoping to find someone desperate enought to come down a LOT. one of the sellers put in a $2K bonus for the agent that gets them to contract by 7/15. there are over 140 homes for sale in the town we're looking at.
becareful mama......
i tried this ....isn't working at all.
i highly recommend that you keep coser to your range
house sellers i think aren't going to come down 30K when bargaining
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| Posted 6/25/06 10:16 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: This probably belongs on the home board
Posted by Redhead
Posted by SweetestOfPeas
Posted by preshy7
definitely go for it
if its the difference between not bidding at all or bidding very low, bid very low!! worst case is they dont come back or ask for a best and final
they will probably come back 30 below
it's amazing how much more you get when you bump up the range of prices on the house. we saw 3 houses yesterday that were nice! we're hoping to find someone desperate enought to come down a LOT. one of the sellers put in a $2K bonus for the agent that gets them to contract by 7/15. there are over 140 homes for sale in the town we're looking at.
becareful mama......
i tried this ....isn't working at all.
i highly recommend that you keep coser to your range
house sellers i think aren't going to come down 30K when bargaining
  it's not working for you? what % below asking are you offering?
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| Posted 6/25/06 10:18 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: This probably belongs on the home board
i asked 24K less than asking price
as a starting point...i was willing to go up...
we were told flat out that they were going below 5 K of their price
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| Posted 6/25/06 10:20 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: This probably belongs on the home board
Posted by Redhead
i asked 24K less than asking price
as a starting point...i was willing to go up...
we were told flat out that they were going below 5 K of their price
how many times did that happen to you? did you find out what the sellers situation was?
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| Posted 6/25/06 10:21 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: This probably belongs on the home board
And i was only looking at houses about 10K over our top amount we wanted to spend....
In certain areas....there is little rom for bargaining
You should really ask you agent what that type f house is going for...or HAS SOLD for in that area
that is what will be your guide. Because that is what the sellers know.
So unless you come across someone who is desperate to get out....highly unlikely that someone will drop 30K in price...
and finding someone desperate...is rare...
TRUST ME...
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| Posted 6/25/06 10:22 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: This probably belongs on the home board
Posted by SweetestOfPeas
Posted by Redhead
i asked 24K less than asking price
as a starting point...i was willing to go up...
we were told flat out that they were going below 5 K of their price
how many times did that happen to you? did you find out what the sellers situation was?
about 3 times and yes
and in all three times they got pretty close to asking
BUT...what is in your favor is the time it has been up for sale
the ones i saw were up for maybe 2-3 weeks
Message edited 6/25/2006 10:24:11 AM.
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| Posted 6/25/06 10:23 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: This probably belongs on the home board
Posted by Redhead
And i was only looking at houses about 10K over our top amount we wanted to spend....
In certain areas....there is little rom for bargaining
You should really ask you agent what that type f house is going for...or HAS SOLD for in that area
that is what will be your guide. Because that is what the sellers know.
So unless you come across someone who is desperate to get out....highly unlikely that someone will drop 30K in price...
and finding someone desperate...is rare...
TRUST ME...
you're crushing my buzz Red!  
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| Posted 6/25/06 10:25 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: This probably belongs on the home board
like some people said...i guess...GO FOR IT
but just prepare yourself
best of luck mama
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| Posted 6/25/06 10:26 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: This probably belongs on the home board
Posted by SweetestOfPeas
you're crushing my buzz Red!
sorry 
just want you to be prepared
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| Posted 6/25/06 10:26 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: This probably belongs on the home board
Posted by Redhead
Posted by SweetestOfPeas
Posted by Redhead
i asked 24K less than asking price
as a starting point...i was willing to go up...
we were told flat out that they were going below 5 K of their price
how many times did that happen to you? did you find out what the sellers situation was?
about 3 times and yes
and in all three times they got pretty close to asking
BUT...what is in your favor is the time it has been up for sale
the ones i saw were up for maybe 2-3 weeks
we saw one in Timberidge yeasterday. just came on the market last week. we walk in and the skylight in the living room and bathroom are both leaking  nice house though... with custom kitchen cabinets & granite counters. we might have even considered it - thank goodness it was raining.
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| Posted 6/25/06 10:27 AM |
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