Re: Lowball Offer on House
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BTW, what price are you looking to buy a house at?
[/ QUOTE ]Tien, I am looking in the mid-200s.
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The FACTS you present in your post directly conflict with the STATEMENTS you make.
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Your points are well taken squiffy. Appreciate your comments. I think I am going to try to wait it out a bit. Unfortunately, I do believe the house will sell around $260,000 during this season, so I can't wait forever. My plan is to tell my agent that I am going to think about it. I don't really feel like my agent is committed to the deal. For example, when I inquired about the date of the independent appraisal, I mentioned that housing prices have dropped during the past few months. My agent said that the appraisal was done in a downtime (Nov 2006) so that doesn't really matter. Then I mentioned the numbers on price per sq.ft. for the comparables I listed above. He replied with some comment about statistics only being numbers and houses are purchased by humans with emotions. I realize that is true, but I was like WTF. I am trying to give this guy some ammo for the negotiations and he isn't interested. I really would prefer to be negotiating the deal myself. Anyway, maybe if my agent thinks I am getting ready to walk it will inspire him to really sell the fact that we are a young couple and trying to get into the house at a reasonable price. Then I will come back next week and tell him to prepare an offer around $245,000. I will see if the seller is going to come off the price at all and determine my next play.
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