NWR: Going to look at a house tonight are there.....UPDATE

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Posted by LaurenluvsTJ

Well first of all - I wouldn't make an offer without seeing other houses first. We are in the process of house hunting ourselved and we decided we would see at LEAST 20 houses before making a decision.
I know this may not be possible in Queens, but I still would look at more before making any offers. We were so quick to sign the lease on our apartment we have now, and know that we didn't look around nearly enough and are not happy with it at all. We learned our lesson from that and with a purchase as big and as important as a house, we are not going to make the same mistake again.

As for the offering below the asking price - see what other houses in the area are going for, are they on par? Below? above?
Generally I would say offer what you feel comfortable with... they will usually counter-offer.

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Posted by BEANS

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Posted by Keywi231

Whats the asking price?

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560K

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Posted by Keywi231

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Posted by BEANS

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Posted by Keywi231

Whats the asking price?

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560K

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I spoke to my Mom's friend ( she's a broker ) and she said it really depends on the conditen and location of the house, She also said that no matter what you offer the people who are selling the house can always bump the price up so try not to offer asking price... HTH sorry i couldn't get more info for you

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Posted by BEANS

any questions I should be asking besides what the taxes are? I am a little bit clueless!

UPDATE: Ok, so we really liked this house alot. It has alot of potential. The entire 1st floor would have to be gutted and re-done, but the finished basement is phenominal. It is 2 bedroom & they are a decent size-you could definetly put 2 kids in the one room. Small yard, but enough room to put a table & bbq and it has a driveway.

How much can I offer below the asking price without looking like an idiot?

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Posted by BEANS

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Posted by Keywi231

Whats the asking price?

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560K

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Posted by mtdr1106

seriously - do $490. its serious enough of a bid - but gives them room to counter offer and hopefully you will land in the low $500's.

SO EXCITED!!! I AM SO HAPPY YOU LOVE IT!!

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Posted by BEANS

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Posted by LaurenluvsTJ

Well first of all - I wouldn't make an offer without seeing other houses first. We are in the process of house hunting ourselved and we decided we would see at LEAST 20 houses before making a decision.
I know this may not be possible in Queens, but I still would look at more before making any offers. We were so quick to sign the lease on our apartment we have now, and know that we didn't look around nearly enough and are not happy with it at all. We learned our lesson from that and with a purchase as big and as important as a house, we are not going to make the same mistake again.

As for the offering below the asking price - see what other houses in the area are going for, are they on par? Below? above?
Generally I would say offer what you feel comfortable with... they will usually counter-offer.

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This is the 7th or 8th house we have looked at, and pretty much this is the only one in our price range. This is the only one that we could afford to re-do and stay within budget. The others we have looked at were between 650 & 800k and had to be gutted completely. Prices are going down, so if we can't get this one we will keep looking. We really did like it, and we love the area. So we will probably make a decision today about an offer.

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