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Home purchase- what would you offer?

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  • Home purchase- what would you offer?

    Found a home we want to make an offer on. Market isn't too too hot in this area. Asking 291,000, what do you think a fair starting offer would be?

  • #2
    Umm how about you give us some info on the house to make a little bit of an educated guess? LOOOOOOOOOOL

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    • #3
      This is dfwmustangs. A rusted H-pipe and $100 starts the bidding.
      "When the people find that they can vote themselves money, that will herald the end of the republic." -Benjamin Franklin
      "A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury." -Alexander Fraser Tytler

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      • #4
        I have no idea how to determine a good price on sub million dollar homes. sorry.

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        • #5
          i would always offer $1 Bob

          Originally posted by DOHCTR
          You sir are the poster child for "Go big or go home"!

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          • #6
            What have the comps sold for?
            Is it move in ready? If not, how much are you going to have to sink to get it ready?
            If you have to unload it in one, five or ten years, will you be able to price it to move or is it going into foreclosure?

            I would want to know how much they are willing to knock off to get the negotiations underway. Let them open up by bidding against themselves. Are they even able to lower the ask or are they in too deep?
            Rich

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            • #7
              Sorry for the lack of details, gimme a sec and let me add some.

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              • #8
                New home
                2450 square feet
                Comps selling for $115-$117 square foot
                Been on the market 3 weeks now
                Has all the upgrades we are looking for ( pod floors, 18" tile, sunken shower, heated tile floors, granite, etc)

                I was mainly asking at what price is it too low to come in with. I was thinking 275, wife said 280.

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                • #9
                  Originally posted by TexasT View Post
                  What have the comps sold for?
                  Is it move in ready? If not, how much are you going to have to sink to get it ready?
                  If you have to unload it in one, five or ten years, will you be able to price it to move or is it going into foreclosure?

                  I would want to know how much they are willing to knock off to get the negotiations underway. Let them open up by bidding against themselves. Are they even able to lower the ask or are they in too deep?
                  Only issues we foresee with resale is random placement of a fire place and possibly front (side) entry driveway/garage but had to since 7th tee box is behind the home.

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                  • #10
                    Fuck what your wife says, start at $275!

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                    • #11
                      Originally posted by aCid View Post
                      Umm how about you give us some info on the house to make a little bit of an educated guess? LOOOOOOOOOOL
                      Tisk tisk son, I wanted you to stain the driveway on this home lol.....

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                      • #12
                        Originally posted by SMKR View Post
                        Tisk tisk son, I wanted you to stain the driveway on this home lol.....
                        I can still do it before you let it go

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                        • #13
                          3 weeks isn't long enough for them to be desperate...yet. The prime selling season is done, though. As a first offer, I'd go in at a high $270's number and ask for 3% closing costs'. The first offer is just to see how firm they stand, but you also want them to take you seriously. As cheap as money is, I would not come out of pocket any more than I would have too, hence the 3% closing cash.

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                          • #14
                            Chooooooo$$$$$$$$$$$$$$$ choooooooooooooo$$$$$$$$$$$$$$$
                            Originally posted by davbrucas
                            I want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.

                            Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?

                            You and slow99 should date. You both have passive aggressiveness down pat.

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                            • #15
                              Originally posted by aCid View Post
                              I can still do it before you let it go
                              Lol no on this new home we are buying....

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