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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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would it be obnoxious to ask 12% off the asking price
for a home that is in need of considerable upgrades and is just slightly off the mark of it's comparables
(ie slightly MORE dated kitchen, only 1.5 baths when all others have at least 2)
I just feel like they reached a bit too high in the hopes of someone overstepping a bit...but I don't want to "offend" them either.
they have a nice home. just would take a bit more to bring it into this millenium 
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Posted 7/21/08 12:19 PM  |
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Prudential Douglas Elliman Real Estate
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BaroqueMama
Chase is one!
Member since 5/05 27530 total posts
Name:
me
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Re: would it be obnoxious to ask 12% off the asking price
Hell, we offered more than 12% less than the asking price on our house and it needed a TOTAL update. And guess what? We bought it at that "low ball" price So, it's totally possible. In this flooded market, I should hope people would be willing to accept less or else they'll be like all the other hundreds of empty houses I've seen in the last few months that can't sell.
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| Posted 7/21/08 12:36 PM |
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Rycois
Blessed with 2blue/2pink
Member since 12/05 13341 total posts
Name:
J
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Re: would it be obnoxious to ask 12% off the asking price
That's about what we got our home for - 12% less than asking - and they were priced to sell. But, the house needed an update in EVERY room (almost 2 yrs later we're still working on it). It can't hurt to throw it out there!
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| Posted 7/21/08 12:37 PM |
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HelenZ
So worth the wait :)
Member since 10/07 2862 total posts
Name:
Helen
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Re: would it be obnoxious to ask 12% off the asking price
go for it!! anytime a house needs upgrades its fair to lowball your bid. our first bid was 11% lower than asking price, we haggled back & forth and in the end wound up paying 5% less than asking price (diff. of 20K)
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| Posted 7/21/08 1:00 PM |
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donegal419
St. Gerard, pray for us.
Member since 7/07 7650 total posts
Name:
K
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Re: would it be obnoxious to ask 12% off the asking price
not at ALL! in this market, anything goes! We got our house for about 12% less than the asking and it was in move-in conidtion with all major work done.
we actually lowballed it a lot and then they countered a few times until we got to about the 12% below, which was just what we were comfortable with to pay.
GOOD LUCK!
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| Posted 7/21/08 1:03 PM |
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TreAnt427
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Member since 8/06 8652 total posts
Name:
Tracy
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Re: would it be obnoxious to ask 12% off the asking price
Go for it! The worst they could do is counter offer.
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| Posted 7/21/08 1:33 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: would it be obnoxious to ask 12% off the asking price
no way! they can always counter. Keep us updated
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| Posted 7/21/08 4:36 PM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: would it be obnoxious to ask 12% off the asking price
It's not obnoxious if the house is overpriced at least that much. Heck, i don't think 12% is obnoxious unless the house is way underpriced. Even if it is, you offer what it's worth to you!
We paid far more than 12% below asking on our house, as our house was overpriced and needed more work than other "comps" in the area.
If the house is overpriced, then it's a fair offer. And even if it's not overpriced according to the comps (though it sounds like it is), always offer what you think the house is worth to you. Worst they can do is say no.  I didn't worry too much about offending sellers when we were buying. It's not like you're offering $200k on a $550k home or something!
However, and this is just a general comment, not every house is overpriced in this market. For every seller who is out of their mind thinking their house is worth way more than it is in this market, there is a buyer who thinks EVERY single house is overpriced. From the OP's post, though, it sounds like this house is priced pretty high and above comps (so this comment isn't directed at her, just at those intimating that every offer should be a "lowball" offer in this market). It always depends on the house.
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| Posted 7/21/08 4:51 PM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: would it be obnoxious to ask 12% off the asking price
Posted by Ophelia
they have a nice home. just would take a bit more to bring it into this millenium
Sounds like the house we bought! Ours was all orange shag carpet. Is yours pre-shag era?!
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| Posted 7/21/08 4:53 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: would it be obnoxious to ask 12% off the asking price
Posted by Kara
Posted by Ophelia
they have a nice home. just would take a bit more to bring it into this millenium
Sounds like the house we bought! Ours was all orange shag carpet. Is yours pre-shag era?!
you tell me
there is carpet everywhere, but I don't know anything about carpet...I lived on hardwoods and linoleum my entire life 
we really like this house though...but the price is not quite right for the age of the kitchen and bath (though the paint on the second floor full bath is at least nice and bright.)
I wouldn't mind PAYING in the end about 7% off the list price...but it definitely doesn't merit a full price offer.
Message edited 7/21/2008 4:58:15 PM.
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| Posted 7/21/08 4:57 PM |
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MST9106
My life:)
Member since 6/06 9589 total posts
Name:
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Re: would it be obnoxious to ask 12% off the asking price
The house is lovely and in decent shape. I'd say go for the 12%...I'm sure they'll counter-offer...but I would buy it for $300K
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| Posted 7/21/08 5:00 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: would it be obnoxious to ask 12% off the asking price
Posted by MST9106
The house is lovely and in decent shape. I'd say go for the 12%...I'm sure they'll counter-offer...but I would buy it for $300K
dude, I am about to barf!!!!!!!!!
how did I get myself into this?!?!?!!?!?!?!??!!??!?!?
I haven't felt like this since 4/23/06!!!!! 
Max and mikey look beyond adorable btw. 
ETA: my realtor is going to look at more comps but said 10% may be a better starting offer (off the list price) since the area is muy desireable.
Message edited 7/21/2008 5:24:53 PM.
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| Posted 7/21/08 5:23 PM |
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BaroqueMama
Chase is one!
Member since 5/05 27530 total posts
Name:
me
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Re: would it be obnoxious to ask 12% off the asking price
That's a GREAT house! However, it's more updated than our house was when we bought it, so it looks brand new compared to over here GOOD LUCK!
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| Posted 7/21/08 11:13 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: would it be obnoxious to ask 12% off the asking price
Posted by prncss
That's a GREAT house! However, it's more updated than our house was when we bought it, so it looks brand new compared to over here GOOD LUCK!
my realtor just got all the specs from the selling agent...all the important stuff...roofs/septic/oil tank/well...all of that stuff is NO LESS THAN 10 years old.
they really haven't done much updating at all....
knowing this makes me feel LESS bad about the 12%...it's like they said...here's my house...I haven't done sh1t with it, but I want you to pay top dollar. 
the bottom floor floors have ply wood underneath the carpet...so we'd have to do the floors right away. grrrrr.
still, we do heart this house.
sucky part is it hasn't even been on the market a month...they have yet to sweat 
ETA: THANK YOU btw. it looks better in person than it does in the pics, I swear!
Message edited 7/21/2008 11:22:39 PM.
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| Posted 7/21/08 11:21 PM |
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BaroqueMama
Chase is one!
Member since 5/05 27530 total posts
Name:
me
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Re: would it be obnoxious to ask 12% off the asking price
Ours was on the market for mere days before we low balled them. Look in my album, they were in no shape to say no to us
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| Posted 7/21/08 11:29 PM |
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MST9106
My life:)
Member since 6/06 9589 total posts
Name:
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Re: would it be obnoxious to ask 12% off the asking price
I'm excited for you! The grounds are beautiful...and of course the house is great as well! I hope all works out for you...hey, its time for another chapter since 4/23/06 
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| Posted 7/22/08 11:34 AM |
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leighdvm
My golden boys!
Member since 3/06 4419 total posts
Name:
Michele
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Re: would it be obnoxious to ask 12% off the asking price
I just wanted to say that I think the house is gorgeous!!! I love the beams on the ceiling, are they original? I love old homes!!!
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| Posted 7/22/08 11:38 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: would it be obnoxious to ask 12% off the asking price
Posted by leighdvm
I just wanted to say that I think the house is gorgeous!!! I love the beams on the ceiling, are they original? I love old homes!!!
thank you. yes, the beams are original to the house.
it needs work, but it's so cute!!!!! and it's surrounded by horse farms  
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| Posted 7/22/08 12:36 PM |
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LightUpOurLife
Totally in love
Member since 8/06 12785 total posts
Name:
Bonnie-Jean
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Re: would it be obnoxious to ask 12% off the asking price
OMG Jess, so beautiful. I hope it comes through for you!!!!
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| Posted 7/22/08 6:03 PM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: would it be obnoxious to ask 12% off the asking price
Posted by Ophelia
Posted by leighdvm
I just wanted to say that I think the house is gorgeous!!! I love the beams on the ceiling, are they original? I love old homes!!!
thank you. yes, the beams are original to the house.
it needs work, but it's so cute!!!!! and it's surrounded by horse farms
Totally beautiful - love the beams!
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| Posted 7/22/08 6:05 PM |
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Tabitha
Member since 2/07 2029 total posts
Name:
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Re: would it be obnoxious to ask 12% off the asking price
i would def offer 12% less! and congrats on finding a gorgeous house - i hope you get it.
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| Posted 7/22/08 6:07 PM |
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dandr10199
Grace is growing up too fast!
Member since 10/05 11561 total posts
Name:
Dina
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Re: would it be obnoxious to ask 12% off the asking price
Posted by prncss
Hell, we offered more than 12% less than the asking price on our house and it needed a TOTAL update. And guess what? We bought it at that "low ball" price .
Same here. We offered 25% less and got it for around 22% less than asking. We bought 3 years ago. BUT...
1) It was a fixer and they knew it
2) They had one buyer back out due to them being unable to get a mortgage
3) it was not on Long Island
4) I worked for a title company and we were pre-approved for 3X what the house was listed at, so we did not "need" this house and the sellers knew it. I promised we would close in 15-20 days and we did.
5) We put more than 5% down
6) They were paying the mortgage on the house and the new one they just bought...so they were paying two mortgages and wanted to sell fast.
The sellers were pizzed that we offered so low and they said they were offended. I did not care and I said to my RE agent "then let them counter or find another buyer who can close in 15 days." They countered with 15% less and we settled on 22%. I was shrewed about my negotiations but, I knew it was not worth what they were asking...even 3 years ago.
HTH and Good Luck!!!!  
ETA: Jess, the house is GORGEOUS!!!!!!!
Message edited 7/22/2008 9:01:32 PM.
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| Posted 7/22/08 8:59 PM |
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Red
spring is in the air
Member since 11/05 2688 total posts
Name:
helen
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Re: would it be obnoxious to ask 12% off the asking price
12% is nothing, especially in this market
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| Posted 7/22/08 9:02 PM |
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cindy104
This is my "Baby"
Member since 6/08 1522 total posts
Name:
Cindy
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Re: would it be obnoxious to ask 12% off the asking price
I say definitely go for it. Also, if the house has only been on the market for a month....pretty much guaranteed the price will be dropping anyways!
Definitely put the offer in....the house looks great!
Good luck!
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| Posted 7/22/08 9:33 PM |
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cindy104
This is my "Baby"
Member since 6/08 1522 total posts
Name:
Cindy
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Re: would it be obnoxious to ask 12% off the asking price
Posted by Red
12% is nothing, especially in this market
ITA
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| Posted 7/22/08 9:34 PM |
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