Asked by ilovemyyorkie, Astoria, Queens, NY • Tue Oct 2, 2012
We found 2 homes we like in Astoria-one for $735k and one for $929k. They are both attached 2-family houses that need about the same about of work. The cheaper one is a bigger lot (22 x100), the more expensive one is smaller (20 x85). I like the more expensive one bc it has an income unit and its brick. The house is extremely overpriced. The listing agent called me and asked me if I was still interested b/c he had no offers yet. I nicely told him we were but that I felt it was overpriced and told him the comps, even sending him a few houses we saw which were below $750k. He me that the owner did an appraisal and it came back at $875. I went to nyc.gov and looked at the house, NYC appraised the property at $712k. The comps in the area are between $700-$825. He offered us the house for $865 saying the owner came down a lot in price and if we accept it would be as in condition, which we are uncomfortable with. I still feel that the offer is too high. What would be a good and fair offer?
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