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View Full Version : Just thinking outloud on this one... House looking


Laney
05-01-2011, 11:27 PM
House Looking...Kind of,,, Not really seriously but if it worked out right then :dunno:

That lets you know where I am with this one. Mostly just thinking out loud and well this is where I think out loud. :lol:

A house down the road from us went on the market several months ago. We aren't looking for a house (our plan is to build when we get rid of our debt - we are paying down debt now and saving our down payment at the same time). BUT we look around from time to time when something comes on the market really close to where we live (our whole purpose in building is because we need to be close to the farm). Anyway this house has been on the market for several months. We've never given in a single though until I heard the asking price ($114,900) and I thought hmm what if? Today I found out it is 4 bedrooms (and the layout of the house looks like another bedroom could easily be added on) I'm thinking that might could be an actual possibility.

:dunno: I haven't even begin to run numbers (and with me running numbers on anything significant is a LOOOONG Process :wink:) but it is interesting that this has come up very close to the open date on our down payment CD.

Having never done any house hunting/buying stuff at all, What is an acceptable offer on a $114,900 house that has been on the market since the fall (they want to get out of the house & they've had one contract fall through it was for $114,000)? I'd want to run numbers on the "acceptable" offer.

MommaK
05-02-2011, 07:55 AM
i think acceptable is what the market allows. I think some people say 10% less???

utkgrad101
05-02-2011, 08:40 AM
20% less and all they can say is no or they come back with an offer. They can't say no unless you make an offer. I would think in this market, no one shuld be offended by a offer. At least it is an offer! :)

love3c
05-02-2011, 08:50 AM
You need to look at comps and see what the market is doing.

I wouldn't start bidding over $100K unless you live in a very stable housing market.

SarahW
05-02-2011, 10:04 AM
From watching house hunters, in this market, I would start at $86,000 expecting to pay between $95,000 and $100,000.

What they will take all depends on their financial situation.

Prayers for you and you process this decision.