Snm, Home Buyer in

We have been looking into purchasing a split level single family home in edgewater park, nj 3 bedroom with 2

Asked by Snm, Tue Jul 1, 2008

baths-my question is how much is appropriate to offer on a house in decent condition listed at $235,000? we can only really afford about 200,000-210,000.

Help the community by answering this question:

Answers

5
Hi Snm - The closest home in Edgewater Park with the most reasonable pricing is listed below.

http://www.427cottageave.com/
0 votes Thank Flag Link Fri May 25, 2012
There are a couple houses that meet this description on the MLS in Edgewater Park (though both are now under 235000 due to price reductions). They were purchased at least 5 years ago and were both originally listed in the upper 200s. One is rented.
So...how low CAN the owners go and how low WILL they go. They can (it appears) go lower than your "afford" price. If they need to sell - they might. If they don't care - probably not.
How good a buyer are you? Do you have your 'ducks in a row' so that your ability to perform on any accepted offer won't be questioned?

If you have already seen this house with an agent why don't you trust their advice? (If they are the listing agent - you have good reason not to.) If you don't have an agent make sure you get one willing to do the research necessary to evaluate the condition of the property and the sales and tax history, whether it is in a flood zone etc, BEFORE you make an offer. MAKE SURE they will not end up showing you homes listed by the company they represent.
Paul Howard
0 votes Thank Flag Link Wed Jul 9, 2008
You answered your own question. If you can only afford 200-210 why would you offer any more than that? The worst the seller is going to say to you is "no." Nothing ventured, nothing gained. Don't buy more than you can afford.
Web Reference: http://www.KevinD.net
0 votes Thank Flag Link Mon Jul 7, 2008
If you arent currently working with an agent, we can help you out with this offer. We'll ensure that your offer is right on target. Feel free to contact me if you need some assistance.
0 votes Thank Flag Link Sat Jul 5, 2008
You really need to ask your agent what a fair price is. They can conduct a market analysis for you to see the recent sales activity for that area. THen you can base your offer on that.
Good Luck
Sharon Kozinn
Web Reference: http://sharonkozinn.com
0 votes Thank Flag Link Tue Jul 1, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer