Home Buying in Devon>Question Details

Ann Spooner, Both Buyer and Seller in Philadelphia, PA

If someone paid approximately $900,000 for a home in 2001 (previous owner paid $710,000), what is the

Asked by Ann Spooner, Philadelphia, PA Fri Jul 11, 2008

likelihood the seller would accept 800,000 now given the re market-area Devon pa.

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Each home and each situation is different. Did they get relocated and have to sell? Has something occurred in the neighborhood to decrease values? The market here is not that depressed, in my opinion. A good agent whould be able to educate you as to the best offer on any given house. Get your own agent first and then go out to look at comparable homes. There is a process that a good buyers agent swill follow. I recommend an exclusive buyer's agetn--that is someione who deos not have any listing of his or her own. See: http://www.findahomeinpa.com/ExclusiveBuyerAgency/tabid/208/…
0 votes Thank Flag Link Thu Sep 26, 2013
Find a local Realtor and have them give you an analysis of the market value of the home, that's the place to start. Then, armed with that information, you can offer whatever it's worth to YOU. At least then you'll be acting with clarity and not firing in the blind....
0 votes Thank Flag Link Thu Jul 4, 2013
Dear Ann,

My suggestion would be to present a fair and reasonable offer based on the condition of the home.

If you don't have an agent representing you exclusively as the Buyer, let's meet for me to understand your home buying goals.


Donna Liebig, REALTOR
PA Lic.# RS292126
Prudential Fox & Roach, REALTORS
Cell: 610-308-6255
Email: donna.liebig@prufoxroach.com
0 votes Thank Flag Link Thu Jul 4, 2013
Dear Ann,
the real estate market is a very complex environment,there is no exact science that rules!
Every transaction is totally different and unique,it really depends on both parties (Seller and Buyer) motivation,not counting that for most of people that are not in the business it is also a very emotional experience...
It is also true,like the Owner of my company Jim Weichert says,that in this market "every offer is a good offer" if is articulated and presented in the best possible way.
My suggestion would be to have your Buyer's agent investigate a little bit more the current Seller's situation
and act accordingly and remember,we are in a Buyer's market.
Do you have an agent representing you exclusively as the Buyer?
0 votes Thank Flag Link Tue Oct 7, 2008
As a Realtor in this market area, most of the single family homes in this area are not under pricing pressure. The inventory is low and most homes, even in the millions, are moving at a healthy pace.Now with that being said, every Seller's situation is unique. Your offer may be accepted; however, I'm most sure, based on what has been provided, that the offer will be countered. Good Hunting!
0 votes Thank Flag Link Fri Jul 11, 2008
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