Sunday Fun: Guess the home price.

Aspen79se

April 01, 2007 07:05

Try to guess the price of this home just by the pictures.




Here's a little info on it too.

- 2bdr and 1 bathroom
- Built 1929
- New window's and roof
- Hardwood Floors
- Unfinished Basement
- Wood burning fireplace

The house is located close to a school and within walking distance of KSU; or so the add says.

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  Aspen79se

  April 01, 2007 09:26

  quote:Originally posted by HandgunHTR52
  The great thing about buying a house is that you very rarely pay the asking price for a house. I would offer $165K for it, since it has been sitting for a while. Let them come back with a counter offer. If they counter with the asking price, then they are not really interested in selling. If they come back with something lower, then you counter with something higher than your original, but lower than their offer. Once you find the right number, then make your final offer that number, but toss in a little bonus for you (like re-finish the hardwoods, pick up some of the closing costs, etc.). That way everybody walks away thinking they got something out of it.
  
  
  The house currently sits empty, and has sat that way for at least a month as far as I know. I really do like this house, but not 186K like it.

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  HandgunHTR52

  April 01, 2007 09:47

  quote:Originally posted by Aspen79se

  
  The house currently sits empty, and has sat that way for at least a month as far as I know. I really do like this house, but not 186K like it.
  
  
  Then go ahead and offer what you feel comfortable with. The worst thing that they can say is "No." The best case is that they counter-offer and then you can barter to a fair price for both of you.

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  Colt Super

  April 01, 2007 09:55

  You would be looking at $60 to $70K, here in Sheridan, if the place would qualify for a low interest loan. If it wouldn't, maybe $5K less.
  
  Doug

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  goldeneagle76

  April 01, 2007 11:55

  Definitely make an offer if it's been sitting. I just bought my house 1.5 years ago for about $40K less than the original price they were asking. It was sitting for about 2-3 months with no offer.

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