It is still on the market with another price drop couple months ago. Now $1,099,000. I believe the house can be sold between 95K - 1M. It has an old kitchen even looks nice on photo. Uneven floor when connected to first floor living area. Really, just 2 brs on first floor. Another one is a family room. 2 more brs in basement next to the louder HVAC. The real problem is that the house looks small and "short" from outside specially on a slightly downhill.

What is it currently listed for, days on market, what are other homes in the area selling for. Not all homesellers are Distressed or in Foreclosure. Free advice at site below.

Ann,

I think I know the house you're talking about - I saw it the first day it came on the market - the pictures show better than the house. Unless you have knowledge that the seller is under some sort of incredible pressure to sell, I'd say your chances are nil that you could buy this house for $95k more than it sold for in 1998.

I think everyone would like to get a good deal, but that house, with a bigger than average lot, in Devon?....no way. I would agree that the house (if it's the one I think it is) is overpriced and they haven't come off their original list price, but surely there are better options for you? What does your agent think? I'm sure they can find out from the listing agent if there's room for negotiation.

It depends on the situation. If the market value for the property has dropped to $800,000 then no, it's not insulting to offer fair market value. If on the other hand the home's market value is $900,000 then a seller may find the low offer insulting. I say "may" only because it depends on the seller's specific situation and their motivation to sell.

I don't understand what you mean by "substantial cash incentive", because the seller's net is based on the sales price less liabilities owed.

Best of luck!

-Daniel

Prices are at about a mid 2004 level right now. I would say that it would be closer to what he purchased it.