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Answers (8)
- Wes Black
- Contributions:509
Only an opinion. I would offer 120,000 and see where it goes.
- MarKus McClellan, "MarKusGroup"
- Contributions:106
That is a very subjective question. A good offer could be one that is reasonable and within range of True Market Value, or that meets the needs, not necessarily the wants of the seller of the home.
- Steven Pacchiano, "NY Broker"
- Contributions:313
prices are dependent on the market, area, condition, and comps in the area, BUT with that said with an asking price of 130k im sure they would take 120k
- Ellie McIntire, "Ellie_McIntire"
- Contributions:1488
What else is on the market in the same neighborhood? Is this property well priced compared to others?
Having your Real Estate Agent check the comps is a great start. Make an offer that does not insult the seller (10% lower than list price is a good start)
Good luck.
Having your Real Estate Agent check the comps is a great start. Make an offer that does not insult the seller (10% lower than list price is a good start)
Good luck.
- Antoinette Iemma, "AIEMMA"
- Contributions:93
The only way to find out is to make the offer and keep comparables in mind. Most sellers and realtors list at a price that is reasonable and according to the local market. However, in the case you specify and as a realtor, 6 months on the market may be an indication that the price is not accurate. Good luck.
- Sharon Lewis, "Sharon Lewis"
- Contributions:3914
Good answer from Maria, you just never know what the seller is looking for. Sometimes homes that have been on the market for six plus months are the stubborn ones, the ones that will not come off their price. So have your realtor do some research about the local market and have her call the selling agent to discuss the sellers motivation. Best of luck to you.In the meantime, look around and see what you can find that compares to that price range, interior updates and square footage. '3' rooms ??? is that a typo or a one bedroom open concept by the way
- Maria Morton, "MariaMorton"
- Contributions:716
To determine the value of a home, look at what comparable homes have sold for recently. What the seller will accept is another matter entirely. See Dan's answer below. Your agent can help you determine how much the house is worth and plan your negotiating strategy.
- Dan, "the_country_hick"
- Contributions:4691
You never know until you make it.
What do you think it is worth? You should not offer more than that amount.
Some people list high hoping for a price close to their asking amount.
Some people list low hoping to create a bidding war getting the price much higher.
Some people list right where it should be.
It is possible that house has problems. It is possible it is greatly overpriced. It is also possible it is fairly priced.
Not knowing which scenario above is correct any offer you make could be rejected. If you are working with a real estate agent they should have run a cma. That gives you a general idea of what it should sell for. That does not mean the seller will actually sell for that amount. The seller could demand much more or take far less. You never know until you make an offer.
What do you think it is worth? You should not offer more than that amount.
Some people list high hoping for a price close to their asking amount.
Some people list low hoping to create a bidding war getting the price much higher.
Some people list right where it should be.
It is possible that house has problems. It is possible it is greatly overpriced. It is also possible it is fairly priced.
Not knowing which scenario above is correct any offer you make could be rejected. If you are working with a real estate agent they should have run a cma. That gives you a general idea of what it should sell for. That does not mean the seller will actually sell for that amount. The seller could demand much more or take far less. You never know until you make an offer.
What is a good offer to a seller ????
home is located in Hermitage,TN
3 rooms, 2 stories
about 1400sq feet
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