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Started By
Message
How much should I offer on a home I like? UPDATE
Posted on 1/18/13 at 4:54 pm
Posted on 1/18/13 at 4:54 pm
List price is 160k.
The good
3 bedroom, 2 bathroom (double sinks in both and a whirlpool tub in the master as well)
2000sq ft, good sized back yard, real fireplace, wood floor in living room (31x18)
Nice tile in the kitchen and the kitchen is huge.
The bad
AC/Heat unit is the original and the home was built in the early 90's. Will need to be replaced soon.
Hot water heater, essentially is done and will need replaced even before the ac/heat unit.
Counter tops and all appliances are extremely dated.
Other small repair to trim and some paint/carpet in 2 bedrooms.
We are doing a VA loan and will finance 100%.
If this makes a difference, it's a relocation so some company owns the house, no emotional attachment to the place.
We were thinking of offering 150k with closing costs paid due to the roughly 10k of repairs we should have in the near future. Add another 10 for to replace the counter tops and replace the appliances.
On the market for 130 plus days.
The good
3 bedroom, 2 bathroom (double sinks in both and a whirlpool tub in the master as well)
2000sq ft, good sized back yard, real fireplace, wood floor in living room (31x18)
Nice tile in the kitchen and the kitchen is huge.
The bad
AC/Heat unit is the original and the home was built in the early 90's. Will need to be replaced soon.
Hot water heater, essentially is done and will need replaced even before the ac/heat unit.
Counter tops and all appliances are extremely dated.
Other small repair to trim and some paint/carpet in 2 bedrooms.
We are doing a VA loan and will finance 100%.
If this makes a difference, it's a relocation so some company owns the house, no emotional attachment to the place.
We were thinking of offering 150k with closing costs paid due to the roughly 10k of repairs we should have in the near future. Add another 10 for to replace the counter tops and replace the appliances.
On the market for 130 plus days.
This post was edited on 1/26/13 at 10:20 am
6
Posted on 1/18/13 at 4:59 pm to wegotdatwood
How bad do you want it? You probably could offer less, but if you really want it then you dont want to risk insulting the seller. It is def a buyers market though so if you could take it or leave then I think shoot low.
Posted on 1/18/13 at 4:59 pm to wegotdatwood
quote:
We were thinking of offering 150k with closing costs paid due to the roughly 10k of repairs we should have in the near future. Add another 10 for to replace the counter tops and replace the appliances.
On the market for 130 plus days.
If it's been on the market for that long, I'd come in further below list price than that.
Posted on 1/18/13 at 5:12 pm to wegotdatwood
quote:
3 bedroom, 2 bathroom (double sinks in both and a whirlpool tub in the master as well)
2000sq ft, good sized back yard, real fireplace, wood floor in living room (31x18)
Nice tile in the kitchen and the kitchen is huge.
I would slowly torture and kill multiple puppies to get it for that price. But then I live in DC. A property like that here would probably change hands for slightly under a million depending on the back yard and location.
Posted on 1/18/13 at 5:36 pm to wegotdatwood
Get it appraised.
Posted on 1/18/13 at 8:44 pm to wegotdatwood
Have you had a home inspection done.
Because...
Because...
quote:
The VA requires homes to be “move-in ready” with minimal repairs needed, especially those that lead to health or safety concerns. The most common issues involve lack of sufficient heating, inadequate electrical systems, damaged windows, a roof in disrepair or pest and termite problems.
Posted on 1/20/13 at 1:31 pm to wegotdatwood
Look at zillow. A lot of good info there (previous sale price of the house, recent sale prices in the neighborhood). Your likely to meet in the middle in negotiations, so if youre willing to pay 150k, offer 140k to start.
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