Back to Results

Tools

Partner Tools


How much should I offer with out insulting the seller?

Profile picture for braddieo
close Profile picture for braddieo

braddieo

Contributions: 1

View full profile

The house is 269k I want to offer 239. The surrounding houses in the area are in the price range and it seems they are over charging for the house. They paid 300k for the house and are selling for 269k. I dont want to insult them by making them a low offer. , but i cant afford anything over 245k. The house has been on the market for about a month. Should i even bother.  
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

February 07 - Fall River
RSS

Answers (6)

Profile picture for SanfordMullen
close Profile picture for SanfordMullen

SanfordMullen

Real Estate Agent
Contributions: 22

View full profile

I think you should go for it. It is just about an 11% discount which for a lot of areas in the last 6 months is about the average discount from listing price ... point is that is not a crazy low offer, and should, at the very least get you a response, not a flat out rejection from the seller (they would be ill-advised if they did so). The truth about real estate is that it is only worth what someone wants to pay and therefore perhaps your offer is what the market (you) says its worth at this time.

Good luck!
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

March 31
Profile picture for Rachel Sartain
close Profile picture for Rachel Sartain

Rachel Sartain, "Rachel Sartain"

Real Estate Agent

View my 3 listings
Contributions: 434
Zillow All-Star

Since October 2009

View full profile

That sounds like a great offer for this market! However, I think you have the 9 price psycology backwards. It is priced at 269 to make it sound sooo much less. Your offer of 239 should actully be 240k b/c you are coming in on the opposite side of the 9 psycology. Does that make any sense.

I think the sellers would be a fool to turn you away in this market.
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

1 Yes

February 07
Profile picture for ChristyAlferes
close Profile picture for ChristyAlferes

Christy Alferes, "ChristyAlferes"

Real Estate Agent

View my 1 listings
Contributions: 99

View full profile

Yes! you should bother, this seller may need to sell and its possible he could be overpriced. If you are making an offer to a homeowner you can include the following with the offer.

1.The offer

2.Your pre-approval letter showing an amount of $239K - show him/her this is what you are able to finance.

3.Copy of your agency disclosure - when you meet with a buyer agent - he/she will disclose who they work for. ( maybe you already talked to a selling agent? Please say you didnt! )

4.Copy of Home Inspection disclosure - again, your buyer agent will get to you. It shows you understand the home inspection process.

5.Letter to home owner - this doesnt have to be elaborate but, sometimes this helps break the barrier with someone you usually do not get to meet. Tell the homeowner something positive about the home and what you plan to do when you move in. ( plant a garden, redo the floors, or how you will enjoy the neighborhood.) Then tell how you arrived at value and mention that you are ready to purchase but your bank will require an appraisal on the property.

Show your home work and support your reason for the offer. Sellers have needs when they sell. If you can meet his/her needs it will work.

Lastly, let me know if this was helpful   :)
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

1 Yes

February 07
Profile picture for Lew Corcoran
close Profile picture for Lew Corcoran

Lew Corcoran, "Lew Corcoran"

Contributions: 923
Zillow All-Star

Since November 2009

View full profile

If similar homes are selling for less than this asking price, then back up your offer with the comparable sales. You can also explain to the sellers that when a person buys their home at their asking price and has to finance it, then there will be an appraisal, and if the appraisal comes in less than the selling price, then there will be no sale. Good luck.
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

1 Yes

February 07
Profile picture for Caveat Emptor
close Profile picture for Caveat Emptor

NTETS ZDGS 2007, "Caveat Emptor"

Contributions: 5899
Zillow All-Star

Since January 2009

View full profile

remember 3 things

1) its business-- they wont be "insulted" no matter what you do(they may not jomp on the offer or find themselves unhappy with it. its still buisness)
2) if the asset is depreciating and they want to sell it for a loss, that is a business decision too. so don't be so eager to cover their losses on a bad investment.
3) 5 minutes of planning is worth 2 hours of work, so play with the figures now, feel comfortable about the money now, because next week you dont want to be worrying anymore.
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

1 Yes

February 07
Profile picture for pwildcon
close Profile picture for pwildcon

Connie Wildasinn, "pwildcon"

Real Estate Agent

View my 11 listings
Contributions: 795
Zillow All-Star

Since August 2009

View full profile

sound like it may be a short sale... in that case the bank will have to agree to the price... if it is not a short sale... go for it anyways... -30 is not insulting in this market...and 30 days in any market is too long... a well priced home still sells in the first 30... good luck
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

1 Yes

February 07
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion

 
Active Fall River Real Estate Agents
Subscribe via RSS
  1. Profile picture for Realagentponte Cliff Ponte
    29 listings
    Local Expert
  2. Profile picture for Kinnane Group John Kinnane
    16 listings
    Local Expert
  3. Profile picture for gildiniz Gil Diniz
    17 listings
    219 contributions
  4. Profile picture for SharonMovesEm Sharon Simmons
    16 listings
    170 contributions
  5. Profile picture for BuyBankREO Elizabeth Silva
    14 listings
    122 contributions

See more Fall River real estate agents

Related Questions
Profile picture for SanfordMullen
Question How much should I offer with out insulting the seller?
  • Latest answer by SanfordMullen
  • March 31
Related Articles about Buying Process
Guide Real Estate Buyer's Closing Costs
Guide List of Closing Costs and Fees
Guide You've Opened Escrow
Guide Home Buying One Step at a Time
Guide A Buyer's Guide to Making the Right Choice
Current Last Week
Need a Mortgage?

Zillow Mortgage Marketplace

  • Competitive rates
  • Accurate, custom quotes
  • Thousands of lenders

... and, it's free and anonymous

Get instant mortgage quotes
Estimated purchase price Current mortgage balance Desired loan amount
98104

Learn about Zillow Mortgage Marketplace

Zillow Poll:
Suggested by Consulting With Contoversial!
Have You Been More Profitable In The Real Estate Market Or The Stock Market In The Past 5 Years?
Next poll
Suggest a poll
Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

© 2006-2008 Zillow.com, All Rights Reserved

pageName