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Househunt blather
My realtor sent me a link to a house on the west side of town the other day. It's a house in good shape, in a nice nieghborhood. They want $54,900 for it. I told my realtor they'd have to lower the price below 50k before I'd even consider it. She asked how much lower?
Well,looking at the house's history, it was originally valued at $112k. Then it was foreclosed on this year when it was around $72k. Now, the bank has listed the house for $54,900. They've dropped the price about 25% since taking possession and, well, they're not making any money off it so I'm thinking I'd lowball them with an offer of $44,000.
What do y'all think? Too low? Or not low enough?
Well,looking at the house's history, it was originally valued at $112k. Then it was foreclosed on this year when it was around $72k. Now, the bank has listed the house for $54,900. They've dropped the price about 25% since taking possession and, well, they're not making any money off it so I'm thinking I'd lowball them with an offer of $44,000.
What do y'all think? Too low? Or not low enough?