The property came on the market 12/01/2008 for $1,500,000 and the price was lowered to $1,349,000 on 01/08/2009, which was a $151,000 drop. This might give you some indication of where the sellers are in regards to their desired selling price.
As the others have said, you won't know until you submit an offer for the sellers to consider. It's been on the market for 75 days, so an acceptance also depends on how motivated the sellers are (among other factors). Did you get a good look at the property during the open house? Would you like to take a look at it again where you can take more time to go through the house or are you ready to submit an offer now?
Security Pacific Real Estate
Antioch & Walnut Creek
The others are correct, the best thing to do is to write an offer. There are many elements of offers in this market that make an under list purchase price attractive. Please give me a call or email me if you would like to take the next step.
My guess is that they will counter your offer but at least you are in the negotiation stage then. It costs you nothing to try. If you don't have an agent I would be very happy to draw up a market analysis for you to show you what it is probably worth and also to write an offer up for you.
Good luck with this one. It is a great home.
Bernard Gibbons, Realtor, e-PRO Certified Internet Specialist
J. Rockcliff Realtors, 15 Railroad Avenue, Danville, CA 94526
Phone (925) 997-1585
The only way to find out if the Sellers will accept your offer is to write an offer up, and see if they will or not.
Does that sound like something you want to do. If so contact me and lets do it.
Have a Great Evening Fred. I look forward to hearing from you.
Old West Realty Inc.