Profile picture for Marco_b03

Listed at $169,900? What would a be good offer?

We are looking at buying our first home n Grand Haven, MI.  The house is listed at $169,900.  The SEV is $69,800.  Is an offer of $120,000 to low?  What would be the benifits and disadvantages of starting at this price.  Thanks for your help!
  Flag content
Close
Report a Problem

Please enter a valid email address.

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.
August 24 2009 - US
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (3)

Profile picture for Pasadenan
Let's see, 6% sales commissions, split 3% Seller's Agent, 3% Buyers Agent; Buyers agent splits 1.5% broker, 1.5% Realtor; on $120k, Realtor's cut is $1800; at $169.9k, Realtor's cut is $2568.50.

SO, which do you think the Buyer's Realtor will suggest regardless of the CMA's?  Do you even think the CMA's won't be biased?  Do you think any factors will even be considered for the future?

What do you think Irena would "recommend" if it were her client?  Perhaps $175k as she will scare her buyer with stories of multiple offers on many nearby properties?

Everyone knows that the Realtors first try to find out how much money you qualify to borrow, and then try to convince you to spend more than you can afford.  And then they try to tell you about why "leveraging" is so "good", ignoring the consequences of leveraging in a falling market.
  Flag content
Close
Report a Problem

Please enter a valid email address.

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.
August 24 2009
Ask your real estate agent to do CMA for you, then based on your real estate market and CMA results, he/she should com up with right  offer price.
  Flag content
Close
Report a Problem

Please enter a valid email address.

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.
August 24 2009
Profile picture for Pasadenan
$35 million would be a "good offer".  Doesn't anyone ever read the answers that were already provided before asking the same question over again?
  Flag content
Close
Report a Problem

Please enter a valid email address.

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.
August 24 2009
 
Related Questions
Looking for a realtor
Profile picture for Dunes ..
Latest answer by Dunes ..
1 minute ago | 13 answers
337 s tiago dr in gilbert
Profile picture for John Moran
Latest answer by John Moran
2 minutes ago | 1 answers
Even if you do not own now is any purchase considered 2nd home if over 500 miles distant?
Profile picture for The Blum Team
Latest answer by The Blum Team
31 minutes ago | 1 answers
Areas in Atlanta
Profile picture for LEO Prime Properties
Latest answer by LEO Prime Properties
1 hour 5 minutes ago | 4 answers
Mortgage Rates
 
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.