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CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
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POLL: How much LESS was the first bid you put on your house/condo/co-op?
Just curious as we are starting to find some real estate we like and are getting serious about making an offer.
THANK YOU!!!
Message edited 9/25/2006 8:13:50 AM.
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Posted 9/25/06 8:12 AM  |
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sweetpea0717
LIF Toddler
Member since 5/05 386 total posts
Name:
Trish
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Re: POLL: How much LESS was the first bid you put on your house/condo/co-op?
We offered 20k less then asking and they accepted without counter-offering! Good luck!!
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| Posted 9/25/06 8:32 AM |
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MrsRbk
<3 <3 <3 <3
Member since 1/06 19197 total posts
Name:
Michelle
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Re: POLL: How much LESS was the first bid you put on your house/condo/co-op?
We offered 15k less and and ended up paying 10k less
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| Posted 9/25/06 9:13 AM |
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CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
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Re: POLL: How much LESS was the first bid you put on your house/condo/co-op?
Thanks so much girls... this really helps!
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| Posted 9/25/06 1:28 PM |
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Eva Luna
Be kind...life's hard!
Member since 8/05 4750 total posts
Name:
God, bless & heal my DH, JenG's DH Rob & DebG
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Re: POLL: How much LESS was the first bid you put on your house/condo/co-op?
Not in NY.
We offered almost $10K less at first...and then changed it to $100 over asking because there was a lot of interest. We got the house with the lucky hundred. 
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| Posted 9/25/06 1:57 PM |
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Kristin616
Member since 8/06 3595 total posts
Name:
Kris
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Re: POLL: How much LESS was the first bid you put on your house/condo/co-op?
we offered 15 less and they told us if we go up 5 they will accept.
Message edited 9/25/2006 4:25:08 PM.
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| Posted 9/25/06 4:22 PM |
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Tah-wee-ZAH
Kisses
Member since 5/05 15952 total posts
Name:
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Re: POLL: How much LESS was the first bid you put on your house/condo/co-op?
I think you really need to go by percentages.
Most RE transactions, even in this market, are still selling between 3-10% less than current asking price if the house is priced reasonably.
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| Posted 9/25/06 7:20 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: POLL: How much LESS was the first bid you put on your house/condo/co-op?
Posted by Tah-wee-ZAH
I think you really need to go by percentages.
Most RE transactions, even in this market, are still selling between 3-10% less than current asking price if the house is priced reasonably.
I totally agree - $20K on a $500K (4%) house is different than $20K on a $200K (10%) co-op.
and you are right - the news today said that housing prices dropped in august - but remember that it is houses that closed in august, so the purchases probably happened may/june. Even if a house is "fairly" priced, I would still bid 10% lower - if they are serious sellers they will counter.
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| Posted 9/25/06 7:23 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: POLL: How much LESS was the first bid you put on your house/condo/co-op?
I would start at about 10% less on a reasonably priced house- more on one that is further from what I think it's worth
or more like what the mortgage banker I am married too thinks it worth
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| Posted 9/25/06 7:30 PM |
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TheLorax
LOVE
Member since 2/06 5581 total posts
Name:
Suzanne / SuzBride
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Re: POLL: How much LESS was the first bid you put on your house/condo/co-op?
Posted by Beth1210
I would start at about 10% less on a reasonably priced house- more on one that is further from what I think it's worth
or more like what the mortgage banker I am married too thinks it worth
this is what our realtor told us to do yesterday (he is a family friend). We were gonna bid higher, but he said to start at ~10% lower than the listing price.
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| Posted 9/26/06 8:52 AM |
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