Kecha, Home Buyer in Gastonia, NC

How long is too long for a home to be on the market? In today's environment.

Asked by Kecha, Gastonia, NC Thu Feb 7, 2008

I have been looking at this particular home and even though the price has come down a bit, I feel that for the area the home is still overpriced. (compared to the comps in the area). I don't want to offend the owner with a "low ball" offer would it be okay to ask the realtor what a realistic price for the home would be.

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4
Hi
I am an agent in the Triangle, ask your agent to run comps and if your offer is in the neighborhood of comparable properties, than I would not consider it a low ball offer. Keep in mind the condition of the property is also a consideration.
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2 votes Thank Flag Link Thu Feb 7, 2008
Kecha, You say in your question "the realtor". Is that the sellers realtor or your realtor? A real estate agent is responsible for their clients best interest. Therefore, if you ask the sellers agent then of course they would tell you the listing price is the "realistic price" but if you obtained a realtor to represent you then they could run the comps and help you determine the fair market value for that home. I would recommend contacting a local realtor to assist you with your home purchase.
Hope this helps!
1 vote Thank Flag Link Fri Feb 22, 2008
Hello Kecha,

Although I'm not in your area, it is always wise to try and speak Realtor if you have an opportunity. In a perfect world, you could have your Realtor communicate with the Sellers Realtor. An agent can get a feel for the other party and it may give you a starting point. Please remember the other agents primary job is to protect the best interests of his clients and in some instances you may not get much information. If you do send in a lower offer, in my experience, I have submitted comparables in the area to substantiate the claim. You may also write the Sellers a kind note expressing your intentions, many times by showing a personal side to an offer you may be able to appeal to the Seller

Good Luck
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1 vote Thank Flag Link Thu Feb 7, 2008
In this market, no reasonable offer is a low ball offer. You can always go up but you can't go back down. If the seller is unrealistic then his property will sit. Any realtor can help you point out to the buyer with the comps Approach with you offer, what can they say other than no if they dont like it? Don't worry about hurting feelings with an offer.
What's important is to start the negotiating process.

Good Luck!
0 votes Thank Flag Link Thu Feb 7, 2008
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