Hellobee Boards

I'm not good with percentages but I'll just lay it out like this:
List price: $92,000
On the market: 2 months
Our offer: $88,500/closing costs/$300 in repairs
Their counter: $91,000/closing costs/$300 in repairs

I thought our offer was pretty fair considering the work that needed to be done, but they were not motivated sellers so they wanted what they wanted and that was that. We ended up agreeing, and we are planning on closing at the end of February. Our realtor helped us come up with the offer, so I would consult them for help since they would know what is fair and reasonable to ask for.

We offered full asking price; but based on comparable properties in the area it was very reasonably priced and would sell fast.

If the sellers have not adjusted their price in 9 months….they might be firm and not willing to accept a lower offer than what the home is listed for. Maybe that’s what they owe on the mortgage, or maybe that’s what they believe the house is worth and won’t negotiate. People who want to move property are generally willing to lower the price more than 1 time if it isn’t moving at the original sale price. You can always offer less, but if they haven’t adjusted their listing price in that long; I wouldn’t expect them to accept a low offer. You never know though.

It depends on the situation. I would say you can go fairly low with a house that has been on the market that long. I read you can't expect them to drop more than 7-8% off the asking price though. Our initial offer was 8.9% off asking price and they accepted our counter at 7.1% below asking price for our house. It was on the market for a bit and they had already relocated so the house was sitting empty so they were motivated to sell.

We offered 3.4% below asking just based on comps, and to be a little lower that where we were willing to settle at.

We offered the asking price for our house. It had only been on the market for about three days, and we knew that houses in this neighborhood sold quickly. We did, however, also ask for a 3% seller assist, which they agreed to.

House we didn't get, we asked $40k over the asking price. We were outbid. House we purchased, we offered full asking price and got it. Housing market is competitive where I live.

101% :). Our reason for offering over asking was because there was already another offer on the table and it was the FIRST day the house was on the market. We had been seen 40+ houses at this point and knew we really liked it.