I put in an offer on a house? wonder if they will take it?

[FiLeZz]

They were asking $350k

We offered 300K

they said 344k
we then said 330k plus closing?


Wonder if they will take it or not.

We will see..

Time passes----3 months fast forward
We went back and offered 5k less then we did 3 months before.
When we put the first offer in on the house it had only been on the market for one week.
So yes he took 5k

Update: 325k is where it has landed they took the offer

 

[JS80]

of course they will take it. you moved up too much from 300k imo...

 

[FoBoT]

here you go, this should help

http://www.ibm.com/developerwo...ices/library/ws-eight/

 

[Descartes]

I agree with JS80. Going from 300k to 330k showed that you were obviously lowballing them, and they caught your bluff.

IMO, I doubt they'll accept.

 

[RagingBITCH]

Nope. They might accept $340

 

[pmoa]

Originally posted by: RagingBITCH
Nope. They might accept $340

I agree with 340K...This may be a buyers market, but it is still a stubborn seller's market...

 

[BeauJangles]

Originally posted by: pmoa

Originally posted by: RagingBITCH
Nope. They might accept $340

I agree with 340K...This may be a buyers market, but it is still a stubborn seller's market...

He would have had fewer problems if he hadn't caved from 300 to 330 so quickly

 

[JS80]

Originally posted by: pmoa

Originally posted by: RagingBITCH
Nope. They might accept $340

I agree with 340K...This may be a buyers market, but it is still a stubborn seller's market...

I thought Florida market is in the dumps right now

 

[brxndxn]

Originally posted by: FiLeZz
They were asking $350k

We offered 300K

they said 344k
we then said 330k plus closing?


Wonder if they will take it or not.

We will see..

ROFL.. don't care where it is, they probby would've taken $260k for it. seriously.


One of the guys at my company offered 60% of the asking price to some desperate seller.. The seller yelled and screamed at him.. Then.. one month later, he called and sold 55% of asking price. It's a buyer's market right now..

 

[SoulAssassin]

you can theorize all you want but the only people that know are the sellers and they're probably still deciding. Oh yeah, and you obviously were lowballing them w the 300 offer. The sellers probably privately told you to shove that offer up your ass.

 

[brxndxn]

Originally posted by: brxndxn

Originally posted by: FiLeZz
They were asking $350k

We offered 300K

they said 344k
we then said 330k plus closing?


Wonder if they will take it or not.

We will see..

ROFL.. don't care where it is, they probby would've taken $260k for it. seriously.


One of the guys at my company offered 60% of the asking price to some desperate seller.. The seller yelled and screamed at him.. Then.. one month later, he called and sold 55% of asking price. It's a buyer's market right now..

IMO, retract your offer..

$300k offer on a $350k asking price means you will get the house 95% of the time in this market..

 

[RichUK]

Lol, you tried to undercut them by $50k. Isn?t that a bit of a piss take?

 

[Syrch]

I would have turned around with 310 personally but who knows the market sucks right now and you may still get it.

 

[AgaBoogaBoo]

You offered too much

 

[Descartes]

Originally posted by: brxndxn

Originally posted by: brxndxn

Originally posted by: FiLeZz
They were asking $350k

We offered 300K

they said 344k
we then said 330k plus closing?


Wonder if they will take it or not.

We will see..

ROFL.. don't care where it is, they probby would've taken $260k for it. seriously.


One of the guys at my company offered 60% of the asking price to some desperate seller.. The seller yelled and screamed at him.. Then.. one month later, he called and sold 55% of asking price. It's a buyer's market right now..

IMO, retract your offer..

$300k offer on a $350k asking price means you will get the house 95% of the time in this market..

That's a pretty sweeping statement. How exactly did you come up with that?

 

[Capt Caveman]

Originally posted by: brxndxn

Originally posted by: brxndxn

Originally posted by: FiLeZz
They were asking $350k

We offered 300K

they said 344k
we then said 330k plus closing?


Wonder if they will take it or not.

We will see..

ROFL.. don't care where it is, they probby would've taken $260k for it. seriously.


One of the guys at my company offered 60% of the asking price to some desperate seller.. The seller yelled and screamed at him.. Then.. one month later, he called and sold 55% of asking price. It's a buyer's market right now..

IMO, retract your offer..

$300k offer on a $350k asking price means you will get the house 95% of the time in this market..

Not at all. Varies by market. I recently looked at a house two blocks from Harvard Square. I thought about it but knew there were going to be six other offers that day, all over asking.

How many days on the market has it been? What are comparables going for?

 

[brxndxn]

Originally posted by: Capt Caveman

Originally posted by: brxndxn

Originally posted by: brxndxn

Originally posted by: FiLeZz
They were asking $350k

We offered 300K

they said 344k
we then said 330k plus closing?


Wonder if they will take it or not.

We will see..

ROFL.. don't care where it is, they probby would've taken $260k for it. seriously.


One of the guys at my company offered 60% of the asking price to some desperate seller.. The seller yelled and screamed at him.. Then.. one month later, he called and sold 55% of asking price. It's a buyer's market right now..

IMO, retract your offer..

$300k offer on a $350k asking price means you will get the house 95% of the time in this market..

Not at all. Varies by market. I recently looked at a house two blocks from Harvard Square. I thought about it but knew there were going to be six other offers that day, all over asking.

How many days on the market has it been? What are comparables going for?

I'm going by Florida's housing market.. West coast.. The only people saying houses are worth anything near asking price are people trying to sell them. Drive through a newer neighborhood and 1/4 of the houses will have 'for sale' signs. Manatee County (my county) has something like 7000 residential homes listed for sale.. About 200 sold last month. Hrm..

 

[Slew Foot]

Wait about two years and get it for 250K.

 

[smack Down]

If your lucky they will reject it.

 

[her209]

Everytime they counter, counter with a lower offer than previously.

 

[bennylong]

Better hope they don't accept. You know it can't go anywhere but lower for the next 5 years.

 

[Oceandevi]

Originally posted by: her209
Everytime they counter, counter with a lower offer than previously.

:thumbsup:

 

[Argo]

This is coming from somebody who's never bought a house.

Do you guys always offer below the asking price, even when going through a broker?

 

[Capt Caveman]

Originally posted by: Argo
This is coming from somebody who's never bought a house.

Do you guys always offer below the asking price, even when going through a broker?

It comes down to how the market is in your area. When the market was booming, you might have to compete against others the very first day a house went onto the market and pay over asking.

 

[bennylong]

Originally posted by: Argo
This is coming from somebody who's never bought a house.

Do you guys always offer below the asking price, even when going through a broker?

In a hot market like 2004, everyone was offering OVER the asking price. There would be people bidding 30 to 50% over the asking price in the San Francisco area and writing long essay begging the owner to sell to them and why they should be selling to them.

But in today's market, you would be stupid to pay anything close to asking price(unless your area is still a hot market).