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HomeIsWithU
Baby #2 on the way!
Member since 9/07 7816 total posts
Name:
Jenn
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What would your first offer be on a house that's listed for $342K?
Just found a house that we really like. Its listed for $342,900. Only been on the market for a little over 2 weeks. Its move-in ready...doesnt need an ounce of work and the sellers did a ton of updates.
What would your first offer be?
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Posted 7/23/10 2:28 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Re: What would your first offer be on a house that's listed for $342K?
I would need to know COMPS for the area to make that call. Can you look up comps?
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| Posted 7/23/10 3:05 AM |
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Re: What would your first offer be on a house that's listed for $342K?
330. Start low, and work your way up. If they listed it at 342, they probably expect to get 337ish.
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| Posted 7/23/10 6:33 AM |
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JDubs
different, not less
Member since 7/09 13160 total posts
Name:
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Re: What would your first offer be on a house that's listed for $342K?
Posted by speakthetruth
330. Start low, and work your way up. If they listed it at 342, they probably expect to get 337ish.
ITA
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| Posted 7/23/10 7:32 AM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: What would your first offer be on a house that's listed for $342K?
I would offer 10% lower than asking.
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| Posted 7/23/10 8:05 AM |
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ARIELSMOM
Love my Babes
Member since 8/05 5889 total posts
Name:
MEREDITH
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Re: What would your first offer be on a house that's listed for $342K?
if you think its resonably priced, it comps out at listing price, and you really want it- id offer close to asking price and not fool around with it.
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| Posted 7/23/10 9:49 AM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: What would your first offer be on a house that's listed for $342K?
Posted by ARIELSMOM
if you think its resonably priced, it comps out at listing price, and you really want it- id offer close to asking price and not fool around with it.
ITA
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| Posted 7/23/10 11:27 AM |
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mamasita27
OHANA
Member since 8/07 5974 total posts
Name:
MB
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Re: What would your first offer be on a house that's listed for $342K?
ya, 330-335
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| Posted 7/23/10 12:03 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: What would your first offer be on a house that's listed for $342K?
if it's priced well for the area- as close to asking as possible if you really want it
I have seen people who try to play around lose the house
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| Posted 7/23/10 12:11 PM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: What would your first offer be on a house that's listed for $342K?
depends upon the comps, and the neighborhood and the taxes.. are the taxes reasonable for the area or high?
I'd probably offer $330k
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| Posted 7/23/10 1:01 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: What would your first offer be on a house that's listed for $342K?
Posted by speakthetruth
330. Start low, and work your way up. If they listed it at 342, they probably expect to get 337ish.
I would start low too... but I wouldn't consider 330k low. That is only about 3% off the listing price.
I'd start at 310k. But like every other poster said, it really depends on what other houses in the area have sold for.
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| Posted 7/23/10 1:44 PM |
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Andrewz00
Look! I changed it!
Member since 4/10 1789 total posts
Name:
Andrew
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Re: What would your first offer be on a house that's listed for $342K?
Posted by ave1024
I would start low too... but I wouldn't consider 330k low. That is only about 3% off the listing price.
I'd start at 310k. But like every other poster said, it really depends on what other houses in the area have sold for.
Posted by Tine73
I would offer 10% lower than asking.
thats where we started... and we ended up 7% lower then asking... they came down 7% we only went up 3%....
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| Posted 7/23/10 2:22 PM |
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DaniJude
You're My Home <3
Member since 11/06 14815 total posts
Name:
Danielle
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Re: What would your first offer be on a house that's listed for $342K?
bid what it is worth to YOU. consider the comps, the area, etc.
i would start at 330 if i really liked it and wanted to get to a point where we could get an accepted offer.
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| Posted 7/23/10 8:05 PM |
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Alexandra17
Keep It Positive
Member since 4/09 6262 total posts
Name:
Alexandra (ali)
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Re: What would your first offer be on a house that's listed for $342K?
333k???
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| Posted 7/23/10 8:28 PM |
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HomeIsWithU
Baby #2 on the way!
Member since 9/07 7816 total posts
Name:
Jenn
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Re: What would your first offer be on a house that's listed for $342K?
Thanks for all the responses. I was away this weekend and couldnt respond.
The comps are all over the place - anywhere from $250K all the way up to $340K. Its in Orange County, NY. Zillow is showing the home's estimated value to be at $249,500 but realistically, I dont think we can go by that. The inside has been completely renovated and doesnt need an ounce of work.
However, I'm still kind of surprised by some of these responses. It seems like most of you are saying you'd offer $330K, however thats not even 5% lower than asking price and its a buyers market right now. I would have thought to start much lower  Am I wrong in my thinking??
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| Posted 7/27/10 1:18 AM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: What would your first offer be on a house that's listed for $342K?
Posted by HomeIsWithU
Thanks for all the responses. I was away this weekend and couldnt respond.
The comps are all over the place - anywhere from $250K all the way up to $340K. Its in Orange County, NY. Zillow is showing the home's estimated value to be at $249,500 but realistically, I dont think we can go by that. The inside has been completely renovated and doesnt need an ounce of work.
However, I'm still kind of surprised by some of these responses. It seems like most of you are saying you'd offer $330K, however thats not even 5% lower than asking price and its a buyers market right now. I would have thought to start much lower Am I wrong in my thinking??
Our home's asking price was around that amount, and we offered full as our first offer. We knew it was priced well--IMO if you know the comps, and the sellers priced it well, there will be offers. There were three other offers on our home, all full asking. A house we bid on the week before went for above asking. Yes, it's a buyer's market, but if it is a desirable area (we're in one of the most popular school districts), it will move, and move quickly, if priced well.
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| Posted 7/27/10 8:11 AM |
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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: What would your first offer be on a house that's listed for $342K?
Posted by HomeIsWithU
Thanks for all the responses. I was away this weekend and couldnt respond.
The comps are all over the place - anywhere from $250K all the way up to $340K. Its in Orange County, NY. Zillow is showing the home's estimated value to be at $249,500 but realistically, I dont think we can go by that. The inside has been completely renovated and doesnt need an ounce of work.
However, I'm still kind of surprised by some of these responses. It seems like most of you are saying you'd offer $330K, however thats not even 5% lower than asking price and its a buyers market right now. I would have thought to start much lower Am I wrong in my thinking??
Are you working with a Realtor? They should be pulling the comps for you...I don't find Zillow to be very accurate at all and would not base comps off of that
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| Posted 7/27/10 1:21 PM |
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smdl
I love Gary too..on a plate!
Member since 5/06 32461 total posts
Name:
me
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Re: What would your first offer be on a house that's listed for $342K?
Do check the comps and compare apple to apple.
If a house is well priced for the area, bidding low will not work. They might not even want to negociate with you.
Going low ball does not always pay.
If they are priced right, I "might" go 5% cheaper. But there is nothing wrong with going full price.
I would not want to lose a house I really like for $5K or $10K. Which is nothing in the long run of the mortagage. Otherwise, you are looking at prices too high in the first place.
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| Posted 7/27/10 1:30 PM |
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ali120206
2 Boys
Member since 7/06 17792 total posts
Name:
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Re: What would your first offer be on a house that's listed for $342K?
Although it is a buyers market, I am finding that sellers are being more realistic in their pricing...
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| Posted 7/29/10 1:43 PM |
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