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    danielcarrei7's Avatar
    danielcarrei7 Posts: 17, Reputation: 1
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    #1

    Jul 13, 2009, 06:53 PM
    1 st time home buyer
    Want to purchase a home asking price 175,000 been on market for 658 days went to see home realtor said seller are paying 14,000 sewer bett, put an offer of 135 seller came back and said 150 and I pay betterment unsure what to throw back at them for a lower offer? Or little higher and they pay betterment
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jul 13, 2009, 06:58 PM

    What is the appraised value of the home. What are similar homes selling for in the same area.

    Not what the homes sold for 2 years ago, but now, have there been foreclosures within the 3 or 4 block area. ** they can bring home values down 10 or 20 percent over night since their foreclsoure value is used as a sale value when finding the value of a home.

    What was the asking price 2 years ago when it went on the market.

    If the asking price 2 years ago was still 175 K, to be honest the 135 was too high a offer to start with.
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