How I bargain selling price12 postedIf the price is 139,900 on a brand new home with upgrades that I happen to hate, and with the market expected to drop another 30% how low do you think I can bargain down the price? By the way this is a house in an unestablished neighborhood and the base price for this would be 133,00 if I were building my own.There is a house in a new community with tons of upgrades that starts at 173,900 and completely it is on the market for 163,000, so I say that because shouldn't the case be the same with this other house?
Sponsored Link-------------------------- john P repliedYou got nothing to lose. Make an offer. If it's accepted, good. If not, you lost nothing. All real estate prices are negotiable... Michael repliedI wouldn't insult the seller. Usual rule of thumb is 5 percent. 30 percent would be crazy! But, if you do not care, give it a shot. Never know in this market... Check with www.zillow.com. Hope this helps. ML repliedDon't expect to get the 30% drop in the next year to buy it now. Most new homes are going at just barely above cost. If you want to get a house cheaper get a foreclosed home from the bank or someone willing to do a short sell on a home you like Thor repliedI would think that is up to the seller.
You didn't say where you live. Homes here, existing sales, average more than two times that, still. And new homes are at least 3 to 4 times as much, to start, as the bottom price point. So it is very difficult to relate to your situation, sorry. They say all Real Estate is local, so you want to check "comps" which are comparable sales in the area. An agent would know that. I think is your only and best guide. Good Luck. |
