How much Below asking should you offer when buying a house?

Discussion in 'Real Estate' started by mramseyISU, Jul 3, 2019.

  1. KnappShack

    KnappShack Well-Known Member

    May 26, 2008
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    Was the property on the market 700 days?

    I got a lowball when I sold my first house. The parents of the buyer couldn't believe Des Moines could have an actual real estate market.

    It's all part of selling a home. Shoot low. See if the guy bites. In this case make dang sure you want to own the home long term or you'll be on the wrong end of a 700 day marketing time at some point.
     
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  2. dosry5

    dosry5 Well-Known Member

    Nov 28, 2006
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    Why is Charter House an “of course” exception? Have you actually worked with him? Because I’d disagree....
     
  3. KCCLONE712

    KCCLONE712 Active Member

    Jun 29, 2011
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    That means they are selling with their emotions, while understandable, their realtor shouldn't. That means that they are going to value their house more than it's worth and unless this is the ONLY house you will be happy with you aren't going to get the best deal you can possibly get, so move on to the next. As it has been stated there are many housing options on the market in the DSM metro within these price points.
     
  4. Cycsk

    Cycsk Well-Known Member
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    Aug 17, 2009
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    Hey, Charter is a friend (sponsor) of the website, so I'm going to assume that he is an exception in every way to anything I don't like about realtors.
     
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  5. Cycsk

    Cycsk Well-Known Member
    SuperFanatic SuperFanatic T2

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    I doubt if he would have done that if his house hadn't sold in 60 million seconds (700 days).
     
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  6. dosry5

    dosry5 Well-Known Member

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    Well, you know what they say about assuming....
     
  7. Gunnerclone

    Gunnerclone Well-Known Member

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    Gotta use Redfin in hot markets.
     
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  8. bannedman

    bannedman Well-Known Member

    Aug 21, 2012
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    that island napoleon got sent to
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    change ur name handle then
     
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  9. SpokaneCY

    SpokaneCY Well-Known Member

    Apr 11, 2006
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    Gotta build the thing first.
     
  10. bannedman

    bannedman Well-Known Member

    Aug 21, 2012
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    hell ya dog can i come visit
     
  11. KennyPratt42

    KennyPratt42 Active Member

    Jan 13, 2017
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    I've bought 3 houses and sold 2 in the Des Moines metro in the last decade. One of them I sold was a multiple bid situation, but the other 4 have basically ended up halfway between the initial offer and the asking price. But I'm not one thats afraid to have a few rounds of back and forth negotiation.

    In the OPs situation I'd figure out what I want to/was comfortable paying. Whatever the difference is between that and the asking price, I'd double and plan to meet somewhere close to the middle.
     
  12. mramseyISU

    mramseyISU Well-Known Member

    Nov 8, 2006
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    That’s kind of where my head is at but the wife is really worried about insulting somebody we’ve never met and probably won’t have any interaction with. I was thinking about offering like 15% under their listing and see if I get a go eff yourself or a counter offer. It’s already the lowest $/square foot in our (elementary) school district. The way I look at it is if they accept our first offer on a house that has been on the market as long as this one I offered too much.
     
  13. SpokaneCY

    SpokaneCY Well-Known Member

    Apr 11, 2006
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    Send a current head shot and promise to bring lots and lots of beer. Our new view will be amazing! Oh, and mushrooms are now somewhat legal... ;)
     
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  14. maureenowaters

    maureenowaters New Member

    Sep 3, 2019
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    I offer a handsome prIce for a handsome lIsted. I thInk buIld a home is a better Idea than rentlng.
     
  15. cowgirl836

    cowgirl836 Well-Known Member

    Sep 3, 2009
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    The bots are becoming more sophisticated, it appears.
     
  16. BCClone

    BCClone Well-Known Member

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    I never heard that phrase before, thought maybe it was millenial speak or something.
     
  17. mdk2isu

    mdk2isu Well-Known Member

    Jan 30, 2013
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    Anyone else find it odd that every letter “i” is capitalized except one? :confused:
     
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  18. maureenowaters

    maureenowaters New Member

    Sep 3, 2019
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    I try to follow the writing skill, which I see here for the first time.
     
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    • Informative Informative x 1
  19. cowgirl836

    cowgirl836 Well-Known Member

    Sep 3, 2009
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    they look like capitalized L's but I guess those look identical IlIlIl
     
  20. mtowncyclone13

    mtowncyclone13 Well-Known Member

    Oct 10, 2012
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    reason #1 why new construction tax abatement is a bad idea for cities. everyone needs a place to live and if no one offered them people would still build houses.
     

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