Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
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.
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.
Tru Value Realty