Buying A Home
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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.
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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.
How low should I go?
Hi Nesties, if the house is listed at $375,000 what should my initial offer be? My hubby and I want to keep the cost as low as possible but we do not want to offend the buyer and lose the chance at this house. We really want it to be below $350K (more like $320-340). Is that unreasonable based on the asking price?
Re: How low should I go?
I agree. There were houses that we saw when we were looking that weren't worth what they were listed at at all. With our house we offered asking price. If we had tried to low ball them we wouldn't have gotten it because they received another offer that night. If this is THE house and you want to live there, weigh that with the value.
Also, remember, if it under appraises, they will need to adjust or you will need to walk away.
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I do think that it is fairly priced. I know the neighborhood very well and the homes there go for high $300-mid $400. They are currently working on the house, new walls, floors insulation the works.
Good point on the appraisal. I will def keep that in mind.
Thank you
I agree with the others - if the house is priced fairly for the area, then it may be difficult to get them to come down that much on the price. Some factors that may make them more inclined to take a lower offer include: length of time on the market; business relocation and company is covering all the closing/realtor fees; estate sale; etc. See if your real estate agent can find out some more details regarding the seller before submitting your offer.
Getting it below $350K may be difficult, but not impossible if the sellers are motivated. I probably wouldn't kick it off at $320K.
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