Buying A Home
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Making an offer
Hello, my H and I are looking into buying our first home. We have been preapproved, so now the next step is finding a house we like and bidding on it. Here is the question. How low can the 'lowball' offer be? I know generally they say 85% of the listing price is the lowest you should offer, but what about houses that have been on for almost a year? They have already lowered the price, sometimes up to $30K, but the house still is on the market. Without insulting the seller, can we offer less than 85%? My thinking is, as long as its not an obscenely low amount, they might just want to sell since they've been trying for so long. So how low can you really go?
Re: Making an offer
? ?????????! Z!
BFP #1 EDD 12/14/12, C/P 4/9
dx: DOR
Clomid + trigger + IUI #2
Everyone welcome.
None are overpriced, some are under and some are in line. Some of these have been on for a while, so they keep reducing the price. Some are also owners who bought the house in the 90s so at almost half of what the asking price is, IMO they would probably be making back at least something if it sold for under the asking price since its so much higher than what they bought it for.
Just want to add, we have only been browsing online, so haven't seen the houses first hand. But we are trying to think about how low we would be able to make an offer, that way a house that might be a bit of a stretch maybe won't be, and we would go see it. We may not look at the houses that are stretches as to not get our hopes up. Does that make sense?
It doesn't matter what they paid for it, or how long ago that was. They could have taken out a HELOC since then and not have as much equity as you think or they could be needing the money from this home to buy their next place. If they've dropped the price that much in the past year they might be out their bottom line already. Basically, forget about what they paid for it- your focus needs to be on its current list price and what the market is dictating.
This article is pretty short (and its pretty much the same advice people will tell you on here), but I do consider Time a reputable source and its one of the few really recent things that popped up on a quick Google: http://moneyland.time.com/2011/08/31/why-some-lowball-real-estate-offers-work-%E2%80%94-and-others-don%E2%80%99t/
? ?????????! Z!
BFP #1 EDD 12/14/12, C/P 4/9
dx: DOR
Clomid + trigger + IUI #2
Everyone welcome.
? ?????????! Z!
BFP #1 EDD 12/14/12, C/P 4/9
dx: DOR
Clomid + trigger + IUI #2
Everyone welcome.