No, we have not found -the- house yet, or made any offers. But, here's a question for those of you who have bought or sold a home, or any realtors out there.
The economy sucks, especially for people trying to sell a home right now. Most people can't afford to buy a home right now, and a lot of people are in a situation where they can't even afford to keep their home. Needless to say, there are some great deals out there for people who are able to buy a home right now.
So here's my question- how low is too low when submitting your first offer? I mean, if a house is $119k, is it too low to offer $109? We want to get the best deal we can, but we don't want the owners to just say no flat out with no counter offer.
We are going tomorrow (hopefully) to look at a house or two. One specifically is one we love. It's cute, and we really like the area, the schools, the yard, the kitchen, the rooms, etc. We're hoping it turns out to feel the same when we see it.
Now, the list price is $104,500. So- how low would be too low on that? We are interested in that house, but let me just say that we will only put an offer in on a house that just feels -right- to both of us.
Any advice regarding offers would be very appreciated. We already plan to make the offer contingent on any house we pick passing an inspection, because we don't want to get stuck with a house that needs $30,000 worth of repairs immediatly!