Bid $?
When you made a bid on your house, how much lower was it than the asking price?
When you made a bid on your house, how much lower was it than the asking price?
I think we bid about $10000 less and then eventually we agreed upon about $7000 less.
We bid 15K less and got it for 10K less...but we really wanted the house, otherwise we would have bid at least 20K less.
We bid 10K less on our first condo and held firm. I knew the sellers really needed to unload it. IMHO, it was overpriced to begin with, so I thought the offer was fair.
Asking was $380,000, we bid $340000, they settled at $360000.
we bid 30 grand below asking and got it for 20 below asking but it wasnt a deal because it was a fixer upper
our realtor told us that we should bid about 12% below asking price, and ask to pay about 7% below -- i am sure hoping she is right!
We bid asking price because we knew there were already offers, and in our opinion the house was 'underpriced' compared to others we saw in the same area. We ended up in a bidding war and bid 11K over which was our max. Someone else bid 20K MORE THAN US but then the deal fell through, and they came back to us. Although we bid 11K over, we still feel like we got a great deal, because after we fix the house up (I mean re-doing EVERYTHING) we would have still spent less money than other houses on that same block are asking right now.