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An appropriate offer in today's market?

House is 4/3.5 in franklin twnshp, Indianapolis.   How low should I go?
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February 17 2009 - Indianapolis
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Answers (3)

I would have your agent pull comps in the area to see what others have sold for in the past 6-9 months.  This will give you a good idea of what to offer.

That being said, it's a buyers market, hands down.  One thing to keep in mind as well, many sellers have discounted their homes already to be great deals.  Same as many bank owned homes, the price out there is 20-25% less then it was 2-3 years ago.


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February 18 2009
You can always go 10 - 15 % lower than the asking price. Also check the comps first, so you know if the house you like to buy is priced right. 
Good luck

www.oliverindra.com
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February 17 2009
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I don't know. What is the median price, how much have prices gone up in the last 5-7 years, what are the rents in that area, what does the negative equity picture look like?
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February 17 2009
 
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