BEST ANSWER
FIRST ANSWER
That's not a real easy question to answer without knowing which properties you have in mind. There is certainly a likelihood that the sellers would entertain offers below the asking price, that is fairly standard right now. That being said, it is generally less likely for a seller to look at an offer 30% below the list price unless there are extenuating circumstances, such as job transfer, they already have another home, issues with the property itself, etc. Also, the longer a home has been on the market, the more likely a seller is willing to negotiate. Without knowing exactly what you're looking at, it looks like there are only 5 properties currently on the market in Ottawa Hills for $1MM+. They have been on the market for as long as 4 years, so I would like to think that there is some negotiating power for you right now. I would be glad to sit down and discuss your situation and look at what options you might have. You can contact me directly if you'd like: cboyers@danberry.com.
Thanks for the question!
Tue Jul 28 2009, 21:32