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This probably belongs on the home board

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SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

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 Chat Icon

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

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.

Posted 6/25/06 9:51 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

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. Chat Icon

Message edited 6/25/2006 9:59:44 AM.

Posted 6/25/06 9:59 AM
 

Shanti
True love

Member since 6/05

12653 total posts

Name:

Re: This probably belongs on the home board

Go for it.... you never know and the worst that can happen is they say, no

Posted 6/25/06 10:00 AM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

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 Chat Icon



IMO...from what i have experiences....

it depends on the house price
the area
and how deperate the seller seem to be

Posted 6/25/06 10:00 AM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

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. Chat Icon



so how much less are you going to bid from the current price?

Posted 6/25/06 10:01 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: This probably belongs on the home board

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. Chat Icon



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

Posted 6/25/06 10:07 AM
 

kms717
St Philomena Protect My Son

Member since 2/06

2747 total posts

Name:
Kelly

Re: This probably belongs on the home board

Good luck Chat Icon Chat Icon Chat Icon

Posted 6/25/06 10:08 AM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: This probably belongs on the home board

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. Chat Icon



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?

Posted 6/25/06 10:10 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: This probably belongs on the home board

Posted by kms717

Good luck Chat Icon Chat Icon Chat Icon

thanks

Posted 6/25/06 10:10 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

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. Chat Icon



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

Posted 6/25/06 10:10 AM
 

Shanti
True love

Member since 6/05

12653 total posts

Name:

Re: This probably belongs on the home board

Good luckChat Icon

Posted 6/25/06 10:11 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: This probably belongs on the home board

Posted by DMcK

Good luckChat Icon

thanks Chat Icon

Posted 6/25/06 10:11 AM
 

MrsPorkChop
Twinning!!

Member since 5/05

9941 total posts

Name:
Missy

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.

Posted 6/25/06 10:12 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

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.

Posted 6/25/06 10:15 AM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

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

Posted 6/25/06 10:16 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

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


Chat Icon Chat Icon it's not working for you? what % below asking are you offering?

Posted 6/25/06 10:18 AM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

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

Posted 6/25/06 10:20 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

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?

Posted 6/25/06 10:21 AM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

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...

Posted 6/25/06 10:22 AM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

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.

Posted 6/25/06 10:23 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

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! Chat Icon Chat Icon Chat Icon

Posted 6/25/06 10:25 AM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: This probably belongs on the home board

like some people said...i guess...GO FOR IT

but just prepare yourself Chat Icon

best of luck mamaChat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon

Posted 6/25/06 10:26 AM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: This probably belongs on the home board

Posted by SweetestOfPeas

you're crushing my buzz Red! Chat Icon Chat Icon Chat Icon



sorryChat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon

just want you to be prepared

Posted 6/25/06 10:26 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

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 Chat Icon nice house though... with custom kitchen cabinets & granite counters. we might have even considered it - thank goodness it was raining.

Posted 6/25/06 10:27 AM
 
Pages: [1] 2
 

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