Wow, it's exciting to see a buyer use the word 'fee simple' as we only hear about it in our education as types of ownership and isn't a word that's usually tossed around everyday. In any event, most homes are fee simple, but some might be absolute or defeasable. It's hard to tell you about pricing without the details of the home. If you would like more pricing information, please feel free to contact me and I'd be happy to help.
Realtor since 1980
(651) 457-HOME (4663)
Hi, you just send me back in time to the first Real Estate classes.
Fee Simple Absolute.
You could alwasy offer less, or more. It will depend on your interest on the property and demand. If you go to the property and 3 other people show up, that seems to be good demand.
Consult your agent and / or a Real Estate Attorney on how Fee Simple will affect your ownership.
My recommendation is to have your agent do a market analysis to determine what comparable homes are selling for in the area that the house is located in. Then you will know how they are competitively priced. Sure you can offer less, but quite possibly the home already has an offer. You want to be aware of what type of work is involved, especially if you are using financing. I'd be happy to help answer any more questions. Just contact me via my profile and let me know what house you are interested in. Thanks!