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How much less was your first bid?

Forum Opinion Poll
Asking price 4 13.79%
Less than $5k less 0 0.00%
$5k - $10k less 5 17.24%
$10k - $20k less 5 17.24%
$20k - $30k less 11 37.93%
Over $30k less 4 13.79%
 

POLL: How much LESS was the first bid you put on your house/condo/co-op?

Posted By Message

CaMacho
Sisters :)

Member since 7/06

15112 total posts

Name:
Jess

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.

Posted 9/25/06 8:12 AM
 

sweetpea0717
LIF Toddler

Member since 5/05

386 total posts

Name:
Trish

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!!

Posted 9/25/06 8:32 AM
 

MrsRbk
<3 <3 <3 <3

Member since 1/06

19197 total posts

Name:
Michelle

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

Posted 9/25/06 9:13 AM
 

CaMacho
Sisters :)

Member since 7/06

15112 total posts

Name:
Jess

Re: POLL: How much LESS was the first bid you put on your house/condo/co-op?

Thanks so much girls... this really helps!

Posted 9/25/06 1:28 PM
 

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

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. Chat Icon

Posted 9/25/06 1:57 PM
 

Kristin616

Member since 8/06

3595 total posts

Name:
Kris

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.

Posted 9/25/06 4:22 PM
 

Tah-wee-ZAH
Kisses

Member since 5/05

15952 total posts

Name:

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.

Posted 9/25/06 7:20 PM
 

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

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.

Posted 9/25/06 7:23 PM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

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

Posted 9/25/06 7:30 PM
 

TheLorax
LOVE

Member since 2/06

5581 total posts

Name:
Suzanne / SuzBride

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.

Posted 9/26/06 8:52 AM
 
 

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