It depends on how motivated the seller is. Does he have to move due to an urgent reason or does he have a number in his head and will not take a penny less? Make an offer and see what response you get. Good Luck!

Wed Jan 9 2008, 18:24

It depends on what the seller is willing to accept. Make an offer and start the negotiations.

Wed Jan 9 2008, 17:52

It depends. Depends on the house, the location, the current market conditions, and the comps. It also depends on whether the owner has done any rehabbing since then. Some owners put properties on the market; the don't sell; they're taken off and have some work done (carpeting, painting, maybe more like new bathrooms), then put back on the market. If you're looking for a magic formula, a rule of thumb, there isn't one. Also depends on whether it's gone into foreclosure. Lots of properties start out at one level in pre-foreclosure, then plunge as a short sale becomes inevitable or the banks take ownership. I've seen properties that were on the market for, say, $430,000 that might have been bought for $410,000 two years earlier get listed in the range of $280,000 as a short sale or REO. Otherwise, I wouldn't be surprised at any price within a range of, say, $389,000-$450,000.

Wed Jan 9 2008, 15:49