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Contributions: 3

Q&A

:3

I am a first time home buyer....A home is listed for 350k four on the same street sold between 300k-326K, what would u offer? The one directly across the street sold 300k in the same condition. It is a regular sale. Confused

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June 30 - San Jose

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Sam Shueh, "Sam Shueh"
Contributions: 185

Sam Shueh, "Sam Shueh"

Real Estate Agent

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What has been sold give you some idea how much the home is going to be appraised.

With the serious bidding I have seen people make one bid on each home and find someone beat them to it.

A good agent can help you to map out the strategy to get your dream house.

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August 04

PeteJE
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PeteJE

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290K and ask the seller to take all or the majority of the shared closing and bargain from there. Have a personal solid high target price and deal that you would be happy to make - the idea is to just position a bit to land at or below your personal, acceptable deal.

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July 01

Eric142
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Eric142

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If very similar properties (size, location, condition) have sold recently for 300-326k, the highest I would go for an initial offer is 300k and would not have any problem going even a little lower.

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July 01

Jeff Miller, "JeffMiller4"
Contributions: 8

Jeff Miller, "JeffMiller4"

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Hi Lvm3. Remember, the appraisal will be key. If you are really interested in this property, have the home appraised - it will save you from overspending. Also, there are buyer options you might want to consider. First, if the appraisal works out, have the seller contribute towards an interest rate buydown and closing costs. So, paying abit more, as long as the appraisal works out, may provide you with the best deal.

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July 01

falsedawn
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falsedawn

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Start low and work up. Why offer 310 if recent sales were below that - it puts you at an immediate disadvantage?
I'd start at 275 ish and go from there.

Remember - if your offer isn't insulting, it's too high.

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July 01

sunnyview
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sunnyview

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I would offer 310K if the market in your area is not falling. An agent can run a CMA including new list prices, days on market and list vs selling price to give you an idea about the direction of your short term market. You need that information to make a sensible offer.

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July 01

Wilma Lee, "whillamina"
Contributions: 1

Wilma Lee, "whillamina"

Real Estate Agent

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Not knowing the actual specifics for each home from your question, it is hard to gauge the reason as for the range in pricing. Are they all comparable? If yes, then I would personally feel comfortable offering close to what the other comparables sold for...if these are recent sales of course.

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July 01

rjon.101
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rjon.101

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need addresses to look up the details on zillow otherwise its just a wag ( wild as guess ), with some info it will be a cwag (calculated wild as guess)
with addresses we can look up sales history, dates and pricing. house data etc . for instance how long ago these various sales occured is as important as the prices. How much do you love the house or is it just a house that you can take or leave. with zillows pics the conditions can be sorta seen , but you will need to provide your info since you have seen them. And how about haveing your own appraisal done. it may be money well spent. or it could be a waste depending on stuff...20 million people are under water and their lenders all had appraisals done on the properties. lots of people on zillow have some very good insight to help

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June 30

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