Home Buying in South Side>Question Details

Tina, Home Buyer in Corpus Christi, TX

What is a good asking price if they are selling the home for $193,500. They are very eager to sell

Asked by Tina, Corpus Christi, TX Fri May 7, 2010

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What is your agent advising you to as a fair offer--you need to be aware of recently sold similar properties in the immediate area--review the data and make a determination as to a fair offer--keep in mind that if the property is priced on target for today's market or slightly below, multiple offers may occur.
1 vote Thank Flag Link Fri May 7, 2010
You need work with your buyers agent who can determine price of your sales offer. No one can render an opinon here on Trulia to many unknowns

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Mon May 10, 2010
Well the house was worth $203,000 Seller agreed to $188,000 plus $3000.00 for carpet and 1/2 of closing and a year warranty...We both walked away happy!!!!!! Thanks everyone for the feedback.
0 votes Thank Flag Link Fri May 7, 2010
Well, you'll find out just how eager they are to sell.

If your Realtor said it was a good asking price, did he run the comps on the property? Did he show them to you? You really ought to see the data, too.

But assuming that $193,500 is a good price already, if they're "very eager" to sell they may well take your lower offer. Maybe they would have gone even lower. Very eager? You only offered 5% under list. Now, if it's the deal of the century, and they know it, then maybe they won't be too flexible. The real question is: What's the property worth?

So, see what happens. Their response will reveal just how eager they truly are.
0 votes Thank Flag Link Fri May 7, 2010
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
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He said it was a good asking price. But I did go lower ($10,000) I am more than sure they will counter offer.
0 votes Thank Flag Link Fri May 7, 2010
Ask your realtor . I n my practice around 5% below asking price or so, but it is depended of situation. Some properties already priced under market value and don't have any room to movements. The best advice you will have from your realtor. If you liked your realtor job you need trust him and falowing his advice. Hi is in information of the property condition and sells situation. More advices you will have more you will confuse.
0 votes Thank Flag Link Fri May 7, 2010
Tina,

Anna's answer is right on. What if they are listed at $193,500 but that is to high for the property? You have to know what has sold around it, that is comparable, to even know where to begin. Have your Realtor look at the solds and provide you with a good starting range.

Good luck!!

Jackie Rankin
Tru Value Realty
0 votes Thank Flag Link Fri May 7, 2010
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