Lastly, don't be afraid to make an offer. If your offer is low there are some things you can do to make it more attractive. Have a short escrow period. Some sellers are under the gun as far as their time frame goes and so welcome a closing date that's not too far away. Don't ask for a lot of extra items in the contract. Don't have contingincies such as - We must sell our current home first- in the contract. You must also have your financing locked in and have a pre-approval letter from a reputable lender attached to your offer. Sellers want to know first and foremost that you are qualified to buy their home. I hope that this information is helpful to you. Good luck in your endeavors to purchase a home. Warmly Debby
Get a good agent that works the Soringfield Market closely. Making a low offer can hurt your chances of getting the home. A good agent will council you based upon market trends and conditions at the time you are making your offer.
When you are in the lower price ranges like this it makes sense to try and get the home if you truely want it. I had a buyer bid low on something this weekend because their perception was that this is what they should do. Fact is the home had come down alomst $80,000 in the past few months.
I advised them to be a bit higher and there bid was within about 6% of the ask but we lost it to a buyer that wanted it more. Now they want to out bid that buyer and it is too late. So pay what you are willing to pay but not beyond some well documented comparables for a similar home.
Sounds like these folks are willing to work on things to put a deal together. Take Chris here up on his offer to look into things for you! I am sure he is more than capable.
Best of luck to you!
Dirk T Knudsen
Re\Max Hall of Fame
I am located in the Eugene/Springfield markets. With an address of the property, I can offer further insight as to valuation and offer strategy. I am unsure of city-data.com as a reliable source, other than a potential offer price range likely based on assessor records. Your offer of $115,000 is near 22% from asking price. Moreso, they are asking for an additional $19,000 to do upgrades...so this is confusing...is this new construction? Is the property in poor condition and even financiable in 'as is' condition (aka, $139,900).
You can search all single family & multiple family real estate in the Lane County area at:
Where we receive daily downloads from two mls's that serve a majority of Oregon (RMLS & SOMLS), as well utilize google mapping so you can see what is where, also other useful tools.
I have 15 years of local real estate appraisal experience in Lane & Douglas counties, so I know I can help.
Century21 Westover Realty, Inc.
541-747-9971 office ask for Ronda
You seem like a very saavy consumer; but unless you are on the ground working with buyers and sellers as a profession you won't have all the information you need to protect yourself. Even will all the resources available to consumers on the internet, if you don't know how to apply the information to it's highest potential you run the risk of loosing money; increasing your frustration and not get as much as you could have.
As a Realtors I have a higher degree of industry knowledge and resources that are instrumental in getting this deal to close. To further address your concern contact me. There is no obligation. I'd like to help you maximize the gains you can make on purchasing a property in a buyer's market. Now is an excellent time to buy! I can be emailed at: Churchwell@Windermere.com