Looking at 3/4 bed 2/2.5 bath listing price ranging from $240 000 - 290 000, hardwd floor in LR?
And my answer is, how badly do you want to own the property?
One thing we do know, the seller will accept the full asking price.
If you want to offer a really low price be sure to ask your spouse, "how badly do we want to own the property we have seen, that we both like, and we could comfortably raise our children in"? Then ask. "what would we be able to afford to have a nearly perfect home?"
If you can afford the houses you are looking at, step up to the plate and offer the asking price, or something near asking. If you can't afford it, stop wasting the time of the agent, and stay where you are.
AND GET A BUYER'S AGENT, the service is free and your agent will navigate you through the mire of the purchase, and will help you craft an offer that may well be accepted.
It seems that you are a first time buyer. That may save you some money at the mortgage company. But your question is one that you need to deal with privately--and not ask the real estate community. The lower you go, the more you will insult the seller.
Good luck with your purchase.
Put my 30 years of experience to work for you, no long term buyer agent contracts to sign, only a property specific one for that property only. you decide you want to work with me or not. gbrooks@habsrealestategroup if you want my help
As someone who grew up in Manchester and Derry with family still in Hooksett, I'm really familiar with the area, but not enough to answer this answer truthfully. I do have advise though...
If your purchasing on your own without the aid of a buyers agent (they are free ya know, the seller usually pays their commissions) I would consult an agent in that area. Possibly 2. One in Manchester and another in Concord. They both should know information in the hooksett area and can give you a list of comprable properites so you can make a sound decision on what you should offer.
Remember, we're consultants and providers of information so you are educated enough to make hard decisions like these.
If you don't have an agent to represent you, I know quite a few really good ones up there that will be happy to assist you! Let me know if I can help!
Wilkinson & Associates
Now for the short answer. On average, in our area, houses have been selling for about 6% less than list price. But again I would not advise you to apply this to the specific house you are interested in.
If I can clarify this or assist you in any way please let me know.
This is such a general question and can not be answered easily. Factors such as how long a property has been on the market as well as how much you like and/or want the property must be considered. A low offer could be flat out rejected or it may help the seller to justify accepting another offer that is not as low as yours. My advice is to discuss the specifics with your real estate agent.
Please let me know if I can help further...
Lee P. Johansen
BH&G, The Masiello Group / Bedford
72 South River Road
Bedford, NH 03110
Office: 603-625-2800 X310