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Is There A Rule Of Thumb For Home Negotiations?
Posted on 4/12/13 at 10:44 am
Posted on 4/12/13 at 10:44 am
For a $270,000 house in a nice neighborhood and good part of town, what would you offer? Is there a set % that is acceptable, say 10%?
5
Posted on 4/12/13 at 10:49 am to CQQ
you need to get your real estate agent to pull recent sales in that area. From that you will be able to make a better determination of what it is worth.
Posted on 4/12/13 at 12:10 pm to ljd4662
Another question, how much do you think we're looking at for closing costs on a house for, say, $260,000?
Posted on 4/12/13 at 12:21 pm to CQQ
Not trying to be an arse, but if you want serious answers you're going to have to bring more information to the table. City, state, sq footage, what have comparable homes sold for in the last six months, etc. Real Estate is a very local business. Too many factors to consider without proper info for anyone to be able to give you good info.
Posted on 4/12/13 at 12:23 pm to CQQ
Closing costs have been creeping up a LOT lately. Just closed two deals for buyers. One for 300k with a 12k closing and the other for 285k with a 17k closing. How you finance will greatly affect this.
Posted on 4/12/13 at 12:24 pm to BigAppleTiger
Here's the house. Possibly an FHA loan with 5% down.
Also, when do you see rates creeping back up? I ask because we can probably afford this now but we would be pushing it. I would like to wait a year or two but don't want to miss out on these rates and end up locked in to a 5% rate.
Also, when do you see rates creeping back up? I ask because we can probably afford this now but we would be pushing it. I would like to wait a year or two but don't want to miss out on these rates and end up locked in to a 5% rate.
This post was edited on 4/12/13 at 12:31 pm
Posted on 4/12/13 at 12:37 pm to CQQ
Just upon a cursory look at Zillow's similar sold comparables(which I don't trust) there are two homes that sold in the asking price range of the home you are interested in . 4317 Canal place sold for 134 sq ft and 4203 Kingwood sold for 126 sq ft. Are these in comparable neighborhoods. They seem to be rare and the avg. price for larger homes seems to be in the 105-115 per sq ft range. BUT- the sellers of the home you are interested in have been trying to sell since 2010 and removed it from the market and relisted for the same price- so you have that going for you. If you are really interested in the home, go see it and if you really want it- maybe offer in the 110- 115 per sq ft. range so they take you seriously.
This is all conjecture on my part as I'm basing everything off of a two minute look at Zillow. Find a real estate agent that may perhaps give you some solid info and go from there. Good luck and hope to have been a help.
This is all conjecture on my part as I'm basing everything off of a two minute look at Zillow. Find a real estate agent that may perhaps give you some solid info and go from there. Good luck and hope to have been a help.
Posted on 4/12/13 at 12:39 pm to CQQ
I think(opinion) that rates will start to climb in the last few months of this year and start going higher. I'm encouraging all my buyers to get their paperwork and financing started so that they may jump in quickly when they see something they like.
Posted on 4/12/13 at 1:46 pm to CQQ
To me, that looks like a 240K house at the most in Lake Charles. Reminds me of the ones Ken Hoffpauir built off of Sallier heading toward the port. If it's in Graywood, then I could see paying that much.
Posted on 4/12/13 at 1:50 pm to CQQ
quote:Not quite OT balling yet
For a $270,000 house
Posted on 4/12/13 at 1:57 pm to CQQ
I'd probably offer $110 sq/foot (220K) and would not pay over $120 sq/foot (240K).
Posted on 4/12/13 at 2:32 pm to Ric Flair
quote:
If it's in Graywood, then I could see paying that much.
It's off Lake heading south past the post office
If I can get that house for $240,000 I might jump on it. Anyone want to be my realtor?
This post was edited on 4/12/13 at 2:46 pm
Posted on 4/12/13 at 2:56 pm to CQQ
quote:
Is There A Rule Of Thumb For Home Negotiations?
buy low sell high every dollar matters use information conveniently to one's own benefit.
Posted on 4/12/13 at 8:10 pm to CQQ
My rule of thumb: don't buy a house in lake Charles....take your $$$ and whatever talent you have and gtfo before it's too late!
This post was edited on 4/12/13 at 8:11 pm
Posted on 4/12/13 at 8:37 pm to BigAppleTiger
Some markets are seeing homes sale for more than asking price.
Posted on 4/12/13 at 9:16 pm to novabill
quote:
Some markets are seeing homes sale for more than asking price.
This has been happening in New Orleans recently.
Posted on 4/13/13 at 7:24 am to BigAppleTiger
quote:
285k with a 17k closing
Posted on 4/13/13 at 7:38 am to novabill
quote:
Some markets are seeing homes sale for more than asking price.
Every market I work is seeing this.
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