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Selling your body: multiple offer advice?
Posted on 2/18/13 at 12:55 pm
Posted on 2/18/13 at 12:55 pm
Trying to get a foreclosed home on the market. Was just informed about the multiple offer situation I'm in now. A couple questions: the house as it is, is worth probably 40,000-50,000 more than its listed for now. With updating, probably 80,000-100,000 more than now. Our first offer was listing price (all cash)
Now that we have to send best offer, how much more should we up our offer? We plan to up it 12,000 (all cash) and no appraisal and only 1000 to cover the title shite. Is this a good strategy? I tend to over analyze things, but I really like this house.
Now that we have to send best offer, how much more should we up our offer? We plan to up it 12,000 (all cash) and no appraisal and only 1000 to cover the title shite. Is this a good strategy? I tend to over analyze things, but I really like this house.
This post was edited on 2/22/13 at 7:08 pm
4
Posted on 2/18/13 at 1:45 pm to MSG
With limited knowledge of the transaction, assuming you've done your homework, offer what you feel like is the best offer you can live with at the end of the day should you not get the house.
What year was this house built? Have you checked with ins. company to confirm not in floodplain?
What year was this house built? Have you checked with ins. company to confirm not in floodplain?
This post was edited on 2/18/13 at 1:46 pm
Posted on 2/18/13 at 1:56 pm to MSG
Which neighborhood? I want to put a bid in too!!!!
Posted on 2/18/13 at 2:44 pm to MSG
This is simple
Study the Solds \ (sounds like you have)
Make the highest and best offer that works for you. If you dont get it .....it was not meant to be. Move on
There wil always be more deals than you will ever have money to buy
Study the Solds \ (sounds like you have)
Make the highest and best offer that works for you. If you dont get it .....it was not meant to be. Move on
There wil always be more deals than you will ever have money to buy
Posted on 2/18/13 at 2:57 pm to MSG
i'm no expert, but alot of times, people don't offer full price on foreclosures. So you may be good. At most i would probably go 2K extra
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