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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Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
80 Dayes with no price drop?
Should we not even bother looking at it? It's about 10K over our self imposed max, but at the same time it has everything that we want in terms of living space and amenities and location. I feel like a lot of home around us typically have a price decrease after 30-60 days if it hasn't gone under contract yet.
Re: 80 Dayes with no price drop?
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Could be the sellers aren't in a hurry to sell their house. We had friends that wanted to move for the right price but if they didn't get what they wanted they were fine staying in the house so they didn't do any price reductions. That said they were still willing to negotiate within a certain range, but they weren't going to repeatedly reduce the price until it sold.
So I would definitely still go look at the house, especially since $10K isn't a huge price gap (depending on the price range you're looking in). Also how does the list price compare to the comps? If the price is in line with what other homes in the area are selling for they probably feel their price is justified and don't see a need for a reduction at this time.
I don't know why that would stop you from looking at it.
In my area, it's very typical for homes to sell for 95% or 90% of asking price, so this house sounds well within your range to me (depending on the actual asking price of course).
I don't see the fact that they haven't dropped their price as an indication that they won't negotiate on price. If they set the asking price at a fair price to begin with (knowing that people are going to offer lower), then I don't know why they'd lower it after less than 3 months.
I don't see any reason to not go and see it. If you are like my DH and I, we did a self imposed max budget that still left us with room to wiggle. The first house we offered on was about $5k over our self imposed budget. Sadly, we were unable to come to an agreement with the seller. We are now under contract on a new construction that is $5k over our self imposed budget, go figure!
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Thanks everyone (for some reason I got logged in under an old screen name). We were going to look at it, but every time we ask our realtor about a house that is above our max we hear "houses are priced to sell" so we haven't even bothered asking to see anything over because I know she's going to tell us that we'll most likely pay close to list. I will admit there are some houses around here that are truly priced to sell, but in those cases the buyers have an accepted offer after less than a week on the market. She would never advise us to look 10% over our max because there is no way she thinks a house would be negotiated down almost 40K...or even 20K for that matter.