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Answers (3)
- Cindy LaPeer ABR, e-PRO,SFR, Cdrs, "Houston Metro Pro"
- Contributions:2239
You actually are asking two different things.
Q1 - you can offer anything you want, but as already said, do your homework and don't insult the owner if you want the property.
Q2 - I don't know if 1/2 off is advertised somewhere or if you have been told this, but based on the info given, 1/2 off would be from the listing price. I'm a bit confused as to the wording "1/2 off cost." If it is half off the appraised value, that's a whole different story,
Q1 - you can offer anything you want, but as already said, do your homework and don't insult the owner if you want the property.
Q2 - I don't know if 1/2 off is advertised somewhere or if you have been told this, but based on the info given, 1/2 off would be from the listing price. I'm a bit confused as to the wording "1/2 off cost." If it is half off the appraised value, that's a whole different story,
- Bob Mehlick, "RealtorBob3"
- Contributions:46
Homes are purchased and sold through negotiations between the two parties, buyer and seller. List price is the offering of the seller. The list price does not necessarily have any relation to the value of the property. Rather than just picking a number out of the air, one should do their homework and research the property and the surrounding area to see what other similar properties have sold for. Ultimately values are set by agreement between buyer and seller. When you make an offer you are asking the seller numerous questions. The seller then has three basic ways to answer your questions. The seller can accept your offer, reject your offer or make a counter offer. Motivation levels can change at a moment's notice, for buyers as well as sellers. Cash offers are nice because they can close quickly but a pre-approved buyer is nearly as well-respected as a cash buyer. Generally speaking, 50% offers won't generate a positive response or shed much light on the seller's bottom line.
- sunnyview
- Contributions:25139
You can make any offer that you want, but 50% of listing price offers usually aren't very well received by sellers even if they are cash.
if a house is listed at 40000< can I offer 20000?
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