David Dawson

XYZ Brokerage

Email: david@xyzbrokerage.com

Phone: (206) 555-1234

Website: www.xyzbrokerage.com

Back to XYZ Brokerage

Back to Results

Tools

Ask a Question
Start a Discussion
Close
Create an Email Alert

Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.

This alert is for the following:

Topic:
Is it ok to ask 10 to 20% off asking price?

How often would you like the alert emailed?

Frequency:

Immediately Daily Weekly
Maximum 20 emails/day

Save

Cancel E-mail alerts
RSS
Send to del.icio.us
Send to StumbleUpon
Print page

Partner Tools

Views: 191
US
Ohio
Nearby States
- Alaska
- Alabama
- Arkansas
- American Samoa
- Arizona
- California
- Colorado
- Connecticut
- Washington D.C.
- Delaware
- Florida
- Georgia
- Guam
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Northern Mariana Islands
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Virgin Islands
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Don't see it?

Find:
Riverside
Nearby Cities
- Airhill
- Airport
- Amity
- Arlington
- Bachman
- Brookville
- Browns Chapel
- Centerville
- Clayton
- Cornell Heigths
- Dayton
- Dixon
- Dodson
- Drexel
- Dwyer
- Englewood
- Farmersville
- Fort McKinley
- Frytown
- Germantown
- Hays Corner
- Huber
- Kreitzer Corner
- Liberty
- Little York
- Miamisburg
- Moraine
- Mudlick
- Murlin Heights
- New Chicago
- New Lebanon
- Northridge
- Oakwood
- Phillipsburg
- Pyrmont
- Riverside
- Shanersville
- Shiloh
- Six Mile
- Spanker
- Sunbury
- Swanktown
- Trotwood
- Vandalia
- Veterans Administration
- Washington Township
- Wengerlawn
- West Carrollton
- Woodbourne-Hyde Park
Don't see it?

Find:
Neighborhood
Nearby Neighborhoods
Don't see it?

Find:

Is it ok to ask 10 to 20% off asking price?

Contributions: 20

Q&A

:14
Disc

:6

View full profile

I have my eye on a home but its a little more then I think it is worth. Is it ok to ask 10 to 20% less?

Flag content

November 04 - Riverside

RSS

Answers (4)

Stultz Dawn, "Dawn Stultz"
Contributions: 76

Stultz Dawn, "Dawn Stultz"

Real Estate Agent

View my 5 listings

Contributions: 76

Q&A

:2
Photos

:74

View full profile

Have your realtor pull information about the property such as how long it has been listed with previous price reductions noted. You can normally find out how much the property was purchased for to see if the sellers would be facing a loss at a certain price point.

Most importantly look at the neighborhood and the current (within the last 6 months) sold homes. Ask for a detailed list of those homes features to make sure you are comparing apples to apples. Do not be mislead by tax value as some ares were reassessed during the height of the market and are true indicators of current market value. The market can change with each sold property setting a new standard. Some sellers are pricing their home unrealistically. If the property has been on the market for more than 6 months - pricing is usually the issue. Sometimes is takes an offer in writing to put things into perspective for the seller. Good luck with your endeavor!

Flag content

November 18

Poperty Investor
Contributions: 1

Poperty Investor

Contributions: 1

Q&A

:1

View full profile

Of course offer whatever you want. In negotiation buyers should always start low. Don't worry if seller is "offended" by your offer. You are not buying to make friends with the seller. Expect counter offers. Settle on a price that you are comfortable with and is within your financial means. Be prepared to walk away if you can't get the price you want. It's a buyers market at present.

Flag content

November 18

Steve Tucker, "Steve Tucker"
Contributions: 62

Steve Tucker, "Steve Tucker"

Real Estate Agent

View my 3 listings

Contributions: 62

Q&A

:38
Disc

:24

View full profile

Exactly what wetdawgs said: either you or your agent should do a comparative market analysis to determine what similar houses in the area are selling for. They you'll know how much the house you're interested in should sell for. Keep in mind that houses rarely sell for less than market value, which means that if you offer less than market value, you probably won't be successful.

Note also that the list price might not actually be market value. The house could be deliberately overpriced (the seller is taking a flyer that someone will overpay) or it could be underpriced (the seller wants to generate a lot of offers to bid it up to market value). So whether or not you should offer 10-20% depends on whether the house is overpriced in light of the comps.

Flag content

November 09

wetdawgs
Contributions: 4051

wetdawgs

Contributions: 4051

Q&A

:2462
Disc

:1583
Photos

:6

Zillow All-Star

Since January 2009

View full profile

It is okay to offer less, but the seller does not have to accept your offer. Don't be surprised if they are offended.

Do a thorough competitive market analysis before making the offer.

Flag content

November 04

Have a question? Ask it here.

Active Riverside Real Estate Agents

Howard Back

8 listings

330 contributions
Betty Mayo

16 listings

63 contributions
C. Michael Royce

15 listings

212 contributions
Brenda Taylor

17 listings

Local Expert
YourREPartners

12 listings

Local Expert

See more Riverside real estate agents

Question Is it ok to ask 10 to 20% off asking price?

Latest answer by Stultz Dawn
November 18

In Home Buying
4 Answers - 191 Views

See More

Guide Real Estate Buyer's Closing Costs

In Buying Process
Edited August 27

Guide List of Closing Costs and Fees

In Buying Process
Edited August 27

Guide About First-Time Home Buyer Tax Credit

In Home Buying
Edited July 22

Guide You've Opened Escrow

In Buying Process
Edited July 21

Guide Picking the Best Comps

In Using Zillow to buy
Edited May 04

See more articles about Home Buying

Current Mortgage Rates

Current Last Week

30 Year Fixed

15 Year Fixed

5/1 ARM

Get this widget

<div style="width:298px;height:123px;border:1px solid #adcfff;overflow:hidden;text-align:center;font-family:verdana,arial,sans-serif;font-size:8pt;line-height:13x;background-color:#eff3ff;letter-spacing:0;text-transform:none;">
		<div style="margin: 0 6px;">
			<div style="margin-top:6px;">
				<a href="http://www.zillow.com/Mortgage_Rates/#{scid=mor-wid-lthd}" target="_blank" style="font-size:9pt;color:#36b;text-decoration:none;font-weight:bold;">
				   
						Current
				   
				         
				   Mortgage Rates</a>
			</div>   
			
			<div style="color:#555;margin:5px 0 1px;">
				<span style="padding-left:137px;">Current</span>
				<span style="padding-left:23px;">Last Week</span>
			</div>

<div style="background:#fff;height:60px;width:284px;border:1px solid #adcfff;text-align:left;">
				<div style="width:144px;float:left;">
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt1}" target="_blank" style="text-decoration:underline;color:#36b;">30 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#eff7ff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/15_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt2}" target="_blank" style="text-decoration:underline;color:#36b;">15 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/5-1_ARM_Mortgage_Rates/#{scid=mor-wid-ltt3}" target="_blank" style="text-decoration:underline;color:#36b;">5/1 ARM</a></div>
					</div>
				</div>
					
				<iframe title="Current Mortgage Rates" frameborder="0" height="60" style="float:left;" scrolling="no" width="138" src="/mortgage/MortgageRateTableWidget.htm?wide=1&region=102001">
						Your browser doesn't support frames.  Visit 
					<a href="http://www.zillow.com/mortgage/" target="_blank" style="text-decoration:none; font-size:9pt; font-weight:bold;">Zillow Mortgage Marketplace</a> 
					to see this content.
				</iframe>
				<div style="clear:both;"></div>
			</div>
			
			<div style="margin:4px 6px 0;height:15px;width:276px;">
				<a href="http://www.zillow.com/mortgage/#{scid=mor-wid-ltgr}" target="_blank" title="Zillow Mortgage Marketplace" style="display:block;margin-left:4px;height:15px;width:145px;float:left;"><img src="/static/images/zillow-mortgage-logo-small.gif" alt="Mortgages, Home Loans, and Mortgage Quotes at Zillow Mortgage Marketplace" style="border:none;"/></a>
				   
				<a href="http://www.zillow.com/webtools/widgets/MortgageRateWidget.htm#{scid=mor-wid-ltget}" target="_blank" style="font-size:7pt;color:gray;text-decoration:none;float:right;margin:1px 5px 0 0;width:80px;">Get this widget</a>
			</div>
		</div>
	</div>

Need a Mortgage?

Zillow Mortgage Marketplace

Competitive rates
Accurate, custom quotes
Thousands of lenders

... and, it's free and anonymous

Get instant mortgage quotes

Loan type
Amount
ZIP code

Learn about Zillow Mortgage Marketplace

Zillow Poll:

Suggested by dmassey391440

If you house is worth less than what you paid for it what would you do:

Walk away from it and cut your losses.

Stick with it and wait for the market to appreciate.

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

All Results (76)

Zillow FAQs (0)

Home Buying (0)

Home Selling (2)

Mortgage (2)

Housing Market (0)

Local Topics (6)

Home Ownership (4)

Home Improvement (3)

Home Q&A (55)

Pro-to-Pro (1)

Other (3)

Tools

Create an Email Alert

This alert is for the following:

How often would you like the alert emailed?

Partner Tools

Is it ok to ask 10 to 20% off asking price?

Contributions: 20

Real Estate Agent

Contributions: 76

Contributions: 1

Real Estate Agent

Contributions: 62

Contributions: 4051

Zillow All-Star

Have a question? Ask it here.

Active Riverside Real Estate Agents

Related Questions

Question Is it ok to ask 10 to 20% off asking price?

Related Articles about Home Buying

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide About First-Time Home Buyer Tax Credit

Guide You've Opened Escrow

Guide Picking the Best Comps

Need a Mortgage?

Get instant mortgage quotes

Be A Good Neighbor

Tools

Create an Email Alert

This alert is for the following:

How often would you like the alert emailed?

Partner Tools

Nearby States

Nearby Cities

Nearby Neighborhoods

Is it ok to ask 10 to 20% off asking price?

Contributions: 20

Main Image

Answers (4)

Real Estate Agent

Contributions: 76

Contributions: 1

Real Estate Agent

Contributions: 62

Contributions: 4051

Zillow All-Star

Have a question? Ask it here.

Active Riverside Real Estate Agents

Related Questions

Question Is it ok to ask 10 to 20% off asking price?

Related Articles about Home Buying

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide About First-Time Home Buyer Tax Credit

Guide You've Opened Escrow

Guide Picking the Best Comps

Need a Mortgage?

Get instant mortgage quotes

Be A Good Neighbor