Home Buying in Philadelphia>Question Details

Susan, Other/Just Looking in Philadelphia, PA

when it come to bargain for home how much percent you should bargain for?

Asked by Susan, Philadelphia, PA Mon Apr 27, 2009

The house that I am looking at it worth 110,000 it was on the market for 160 days now and it has 2 bedroom one bath....the basement have to room that was convert from the garage. I

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Hi Susan,

I'm guessing that all these homes are listed for sale on the MLS right? So all of them have a listing agent / broker?

So - you should really work with a local buyers agent that knows the area and can help you understand what the recent SOLD prices are.

A house is NOT worth what someone is ASKING for it. It is worth what someone PAYS for it. Recently Sold Homes are public information - any agent can look these up for you. For that matter, a lot of this is available right on Trulia if you hit the right check box on your search.

With respect - what you are saying between the lines is, "Please help me - I really don't know what I'm doing and I WILL be taken advantage of without assistance". The price of a home is not just what one pays for it. There's taxes to consider and insurance and etc etc.
0 votes Thank Flag Link Mon Apr 27, 2009
If the house worth 110,000 and it a move in condition.....the problem it only 2 bedroom and 1 extra room was build in the basement i have look at similar homes around there and have 3 bedroom and 1 extra room was build in the basement also......the problem is that I favor the 2 bedroom one more..and they worth the same price i did my comparing and I get a lot with the 3 bedroom .......do you think i can work the price with the on the 1st home.......and let them know the about the 2nd home that I also looking at when it come to bargain time.
Should i bring that subject up....Thanks again i need the help i can get.........
0 votes Thank Flag Link Mon Apr 27, 2009
I'm sorry the house listed $110,000 i know it should worth lesser than that but i do not know how to start bargain for the price I want to start bargain 80,000 1st , You think it too low to start it off from there.....
0 votes Thank Flag Link Mon Apr 27, 2009
I support the theory that you need an agent to guide you with this, based on a CMA.
0 votes Thank Flag Link Mon Apr 27, 2009
Is the house you are looking "worth" $110K or is that the price they have it listed at? I agree with JR, you need to find out what similar properties sold for in the nearby area. Get a Realtor to help you out. Their service are free unless you are buying a for sale by owner. Even then, the commission can be put into the sales price and the money would still come from the seller side.

A real estate agent will see if the home is worth what the market says it would be worth. Go by what the market analysis shows.

Hope that helps,

Terrence Charest, e-Pro®
Century 21 Associates
905 Easton Road
Willow Grove, PA 19090
Cell (Preferred): 877.614.1494
Office: 215.659.5250
Fax: 215.659.5550
“Century 21 is the number one franchise site on the Internet”
0 votes Thank Flag Link Mon Apr 27, 2009
How much to bargain depends on how much the house if priced for in the first place relative to homes that have recently sold. You can use a buyer agent and they can do a search of comparable homes so that you can decide what to offer for this particular house. Or you can search the public record yourself if you have the time and the resources.
0 votes Thank Flag Link Mon Apr 27, 2009
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