Asked by Elaine, Brookline, MA • Mon Jun 30, 2008
We're looking at a home in Belmont that the owner purchased last year for $555k. They did a lot of updates to it, including finishing the attic (not really usable as bedroom, but cute bonus room). Now they're asking $795k. That seems like a pretty steep increase to me--I'm sure the work they did added value, but not a quarter million in value. It's a small lot with not much level yard, which was probably the reason it was low in the first place. Would it be insulting to offer 85% of asking?
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