I've been approved for up to 166K on a mortgage. I found a house that I love that has been on the market for 6 months and the price has already

Firsttimebuy...
Home Buyer
Cass County, MI

been reduced from 199 to 184... Is it unrealistitc to think and hope that maybe it will be reduced enough again or the sellers would accept the 166 bid?

Answers (2)
Paul Mcintyre
Agent
Portage, MI

You can't play the game if you don't roll the dice. While I don't think it's a good idea to write a terribly low-ball offer, I do think it's a good idea speak with a Realtor and see if the offer you're considering would be worthwhile. Ultimately a Realtor is obligated to write any offer you'd like to present. Home sales are capitalism at it's finest . . . the seller can accept, reject, counter, or ignore. Feel free to contact me if you'd like more information.

Thu Nov 5 2009, 12:29
Vivian Katz, TRC
Agent
Orlando, FL
FIRST ANSWER

It depends if the house is a private sale, short sale or bank-owned & the ratio of inventory to volume in your market~ each offer is perceived differently in each of these scenarios ~ a licensed Realtor can help weed through all your options, so i encourage you to review the profiles here or to Google your local Board for member information ~ best of luck!

Fri Oct 9 2009, 08:25

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