While some segments of teh market are still falling, some segments have leveled off in this area as there is a shortage of good clean homes priced right. Unfortanately a majority of sellers owe more than market value therefore you are seeing overpriced homes that they cant sell for less unless they want to go through a short sale. On the other end the flood of low cost foreclosures seem to be needing more and more work as time goes on. If you are willing or able to do the work, you can get a bargain. If not than you need to wait for the "right house priced right" to come up for you if you are not willing to settle. As there is more potential buyers for these clean houses than there are new listings, a good buyer broker who will assist you in finding them and letting you know when they come on teh market sure will help you find what you are looking for. You will need some patience and a good agent and you WILL find a good house for a good price. Making offers of half off what people are asking is unrealistic as prices are not in a free fall anymore in the residential market and there are other buyers who are waiting to put offers in on these good clean houses. Before making an ofer do what you can to find out why the seller is selling, what they owe and how fast they want to sell, this could help you guage what they can accept so you know what you should offer.

Your buyers agent should be person assisting in providing info. however low ball offers are usually turn down by banks or sellers.

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Lynn911

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Hello- As you know, you're up against the clock to take advantage of that $8000 IRS incentive. Must close by Nov. 30th. I'm sure you know that.

There are so many properties available, but just looking at the $/ SF number is not always a good way to value a property. That is one of several ways.
You should look for another property. 99.9% chance that nothing will come of anything from an offer that is 50% of the listing price. Assuming it is listed with a realtor. No realtor would overprice a home that much. They would be wasting their own time.
If you need any other help, please let me know. Thanks and good luck,

Ken L.

The fact that you are second guessing yourself and questioning the value of the home are not indicators of a true commitment to your subject property.....perhaps stepping back and giving it some time will clarify things for you.

Offering half of the asking price would be a huge pill for the sellers to swallow and may not earn a counter offer from them....

Our feeling is that if you liked this property well enough, you wouldn't think twice about making a higher offer. Is it possible that you've already made your decision.

Good luck

The Eckler Team

Does the market in that area support an offer of half the list price? Are other homes of similar size, condition, location and amenities selling at half the list price? If so then you can justify the offer. If not, start looking for another place.