We are looking at a house,on market for 2 months and in dec dropped 5 thousand and again end of jan dropped another 5 grand.would it be realistic to?

Asked by Tommyv, Cazenovia Park, Buffalo, NY Sun Feb 7, 2010

offer 15 thousand less then asking and go from there?

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Debra (Debbi…, Agent, Livingston, NJ
Sun Feb 7, 2010
Tommy, what have you got to lose?
What has your agent, assuming you have one, advised you to do?

Make the offer......see how the seller responds, and absolutely, go from there...........just make sure you know what the comps are in the area.

Good luck!
1 vote
Dan Chase, Home Buyer, Texas City, TX
Sun Feb 7, 2010
Since it has not sold yet it is overpriced. Even $15k less you could be overpaying. Have your realtor run a CMA to see what its real present value is. Then offer UNDER that amount.
1 vote
Michael Wich…, , Hamburg, NY
Mon Feb 8, 2010
Your best bet is to consult with your real estate agent. If you are not working with an agent, give me a call, I'd be glad to help!

Michael Wichrowski
Licensed Real Estate Salesperson

716 648-7700, office

3674 Commerce Place
Hamburg, NY 14075
Web Reference:  http://www.MikesAllRight.com
0 votes
Scott Godzyk, Agent, Manchester, NH
Mon Feb 8, 2010
Tommy there is no set price or percentage you should offer below asking, the only true way to know what to offer, is to know what the value of the house is in todays market. Your bid should be at or below this amount. You can not go by asking price, teh asking price could already be below market value, at market value or be higher than market value. The other thing you need to find out, is how motivated is the seller, why are the selling and how quick do they want to sell. Again it is something a buyer broker can assist you with at no cost to you.
Web Reference:  http://www.ScottSellsNH.com
0 votes
John Becker, Agent, Franklin, NC
Mon Feb 8, 2010
You have to remember that YOU are in control when it comes to making an offer... The fact that the price has reduced twice in such a short time is a "sign" that the owner is motivated, and perhaps has a Realtor who is implementing the reduction strategy to get the HOME SOLD as quickly as possible. You can offer what ever you want... but just know that you'll get one of two answers, "YES" or "NO"....and perhaps the owner would send you a "counter offer".... But you'd be in the negotiation ring if you make an offer and that is the STARTING place for all home sales.... Just get in there and get started...

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