Home Buying in 19131>Question Details

Linda, Home Buyer in Philadelphia, PA

The house next door to the home I want to buy sold for 600,000 in 2006. The asking price for my house of

Asked by Linda, Philadelphia, PA Sat Jul 25, 2009

interest is 659,000.These prices are very high for the 19131 zip code in Philadelphia, PA. The sellers bought the house for 205,000 in July, 2007. They have made, by my estimate, a maximum of 75,000 in improvements.
2009 - 2010 is a different
economy than 2006.
I want to offer 450,000. What are m changes of getting the house?

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Answers

5
honestly probably not likely unless you wait for the seller to start reducing their list price. It has been my experience that overpriced houses are overpriced because the current owners think they can get that price, or something near to it. Like stated below, you have nothing to lose by submitting your offer, but considering your max is more than 200k less than the currrent price, I don't think the seller would be receptive to such a lowball offer unless the property has been on the market for a looooooong time. Good luck!
0 votes Thank Flag Link Mon Jul 27, 2009
Your chances of getting this house lie is how well capitalized you are as a home buyer. how do you plan to purchase? With cash or a mortgage? You should contact me since I am familar with the 19131 zip code. My office is only a few minutes from there. I can help you reserach every detail about the pervious finance terms that the home was originally purchased under. Call me on ym cell 267-249-6645. Ask for Andre.

Andre Robinson
Coldwell Banker Realty Corp. Associates
6131 Locust Street
(Rittenhouse Square, Center City) Philadelphia, PA 19103
Direct: 267-249-6645
Office: 215-731-2267
Fax: 215-735-7353
Email: ahomeloan@hotmail.com
To view homes visit: http://www.cbrca.com
Thank You for Choosing me as your agent
P.S. Did you know you can purchase a
$50,000.00 home with as little as $3,500.00*
or a $100,000.00 home with as little as $5,000.00*
contact me for more info. Special programs on
homes up to $420,000.00
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0 votes Thank Flag Link Sat Jul 25, 2009
You can place any offer you like, all depends on what bank will accept

Banks do have entire library of pictures, BPO and etc. very well aware of value of home, banks don't have accept any offer till they find works within their overall costs of taking possession of home.

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0 votes Thank Flag Link Sat Jul 25, 2009
Are you working with a Realtor? It would be in your best interest if you do. This way, they can give you all of the ammunition you would need to make any offers based on what your Realtor shows in the paperwork.

That being said, what is the home you are wanting to bid on? If you email me, as long as you are not working with a Realtor, I could see what ballpark parnge you should be offering for the home.

Hope that helps,

Terrence Charest, e-Pro®
REALTOR®
Century 21 Associates
905 Easton Road
Willow Grove, PA 19090
Cell (Preferred): 877.614.1494
Office: 215.659.5250
Fax: 215.659.5550

http://www.HomesForFreedom.com
tcharest@HomesForFreedom.com
“Giving to Those Who Gave”
0 votes Thank Flag Link Sat Jul 25, 2009
Make an offer and see. All the seller can do is to reject/counter/accept your offer.
0 votes Thank Flag Link Sat Jul 25, 2009
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