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C-959
Joined: 24 Feb 2008
Posts: 4
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| Posted: Fri Mar 28, 2008 4:46 pm Post subject: making offer on absurdly overpriced home |
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A few months ago, I called the owner of a 4bd FSBO home and learned they wanted $330K - way out of my price range. This week I found this same house just listed with a realtor for $290K.
After looking at this home's property tax records, and the few similar homes for sale or sold in the greater area, I calculated the house is worth roughly $200-$230K - more in my price range.
Since this is exactly what I'm looking for, and homes like this are so rare, I want to go look at the house next week despite the absurd asking price.
If its what I expect, I would like to make an offer.
Any advice on making an offer on an overpriced home before I meet with the realtor next week? |
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Jason Hall
Joined: 07 May 2008
Posts: 10
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| Posted: Fri May 09, 2008 9:16 pm Post subject: |
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| C-959 did you go and take a look at the property? |
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C-959
Joined: 24 Feb 2008
Posts: 4
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| Posted: Mon May 12, 2008 1:46 pm Post subject: |
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Yes, and the house was nicer than I thought.
Since then, they have dropped the asking price $10K.
Once they drop the asking price again, I may offer $240-245K, and go from there.
The house has been for sale since at least February, maybe longer. Also, the house has not been appraised. |
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