On that note Arby please forget what I said about the market stability. You should grab an agent and write that offer up. You never know how far someone will move under pressure.....
Out of sheer curiosity I looked over the properties available in the Parkland area in that price range. They are few and far between. As a general rule houses in this community don't generally sell that high. Unless of course they have some special feature, size or some unforeseen intrinsic value. The couple of properties that I did see in this area at that price were either value related because of the size of the land or their possible commercial values. Here is the reality of the deal and I hope you will appreciate the candor. On a national front prices are definitely not at the bottom. But we are not and I reiterate not going to see a dramatic decline in prices in the greater Seattle area. We may see some continued fall off in outlying areas. This is not just my opinion or speculation. This market as seen by most conscious analysts and investors in stable. It is considered by many to be the most stable market in the US. I only say this because many who are deal hungry would like to insight this behavior of bargain shopping here. Although there are occasional deals to be found here, it is unlikely that there will be many people lining up to take a beating on there investments here in this market either now or in the near future. I cheer you on to look for a good value, borrow cheap money and lock it up here for the long haul. There is definitely profit to be found in that kind of thinking. Look for properties with conversion capability. Ones that can be subdivided later but serve your purposes now or ones that have commercial potential. This market is still very promising.
Windermere RE South Inc
33405 6th Ave S
Federal Way, WA 98003
There is a "Parkland" area just south of Seattle, so you should be careful to find a Realtor that is licensed in Florida where your prospective property is located. Don't be afraid to negotiate, but do have a market analyisis made, first!
Good luck on a successful purchase,
Associate Broker, ABR, GRI, CRS, CRB
John L. Scott Real Estate,
Silverdale, WA 98383
Keep in mind that if the owner bought the home back in the 90's in the low 200's chances of them feeling pressured by a mortgage that is out of thier league is slim which lessens the chances of your offer being accpeted. If you love this home I would recommend getting a realtor in your area =)
The great thing about real estate is that EVERYTHING is negotiable. If you feel that $415,000 is a reasonable offer, or at last where you want to start, your agent should be prepared to argue the case for yo. He/she should be armed with the offer, but also, recent comparables and other market points and statisitics that will help plead the case for the seller to accept less.
You must however be willing to negotiate with the seller if he/she can porvide evidence supporting their asking price. In the end, if both you you are willing to give as much as you take, you sound end up with an agreeable purchase price that all will be happy with.
Feel free to email me directly if you want more tips and pointers, or to dicuss how my staff and I can help you purchase this home.
I would be happy to do the specific property and market research on this property to give you an educated answer to your question. Feel feel to contact me directly if you wish to pursue the information needed to make an informed decision. http://email@example.com or (253) 307-6303.
Have a great day in Florida!!