Quote:
Originally Posted by look 171
you have been looking for some time now. If this is the perfect house and its within your budget, what are you really waiting for? Is it because you don't like the fact that they are greedy or is it the purchase price isn't "right". Your agent should get you the comps and where will it appraise? that might blow the deal if it doesn't appraise.
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Both greed and correct price.
The housing market in CT has been heading downhill since 2008 and there are no signs of it getting better. Do I think they should take a bath? No. Do I think they need to get real...absolutely.
Our agent got us all the comps, which fueled the offer. Closest comp to their home sold for 419,900. Perhaps not as meticulously cared for but it was almost the exact same house (plan/sqft) in the same community.
We are getting it on the selling end too. Bought the house in '09 for 209, from a guy that had a mortgage of 249...we priced at 209 and accepted 198. Tons of foreclosures ruining mid-market values.
The buyer of our current home doesn't have the cash (FHA) so we have to jump through hoops to make the bank happy.
I.E. the back deck joists don't have the metal hangers attaching them to the sill plate, there are 11 joists...they requested a $1500 credit!?