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View Full Version : Making an offer??? Negotiations?


2BLUE
10-16-2010, 01:18 PM
When making an offer on a home why does it seem that its lucky to get barley anything off the price?

If i look at a car for $10,000 and get $1k off thats 10% i reduced. Try that with a home and the seller would laugh at you it seems.
barmanjay
10-16-2010, 01:23 PM
Every seller has a different situation and motivation for selling.

I've had cases (and I'm sure many, many other realtors have had the same experience) where I've been able to negotiate 5-10% off,.. but on the same coin,.. some some have been so tough i could barely get $1000 off.

There is no norm for asking price. Just have to take current selling prices of what the houses around and their list/selling price % and go from there.
Tik-Tok
10-16-2010, 01:31 PM
Originally posted by 2BLUE
When making an offer on a home why does it seem that its lucky to get barley anything off the price?

If i look at a car for $10,000 and get $1k off thats 10% i reduced. Try that with a home and the seller would laugh at you it seems.

It's kind of obvious. 10% on an average priced house is almost $40,000.

People won't miss $1000, they will definitely miss $40g's
2BLUE
10-16-2010, 01:50 PM
Originally posted by Tik-Tok


It's kind of obvious. 10% on an average priced house is almost $40,000.

People won't miss $1000, they will definitely miss $40g's

Yes i get that. I was just using that as an example.
JordanLotoski
10-16-2010, 02:23 PM
All depends on market value of the home. If it's priced to low you could be competing and pay more.

Did your realtor not go over comps with you prior to writing an offer?
2BLUE
10-16-2010, 03:57 PM
We haven't got a realtor yet.

After seeing some of the prices here i think i might go back to BC.
89coupe
10-16-2010, 05:11 PM
Originally posted by 2BLUE
We haven't got a realtor yet.

After seeing some of the prices here i think i might go back to BC.

LOL, and right now prices are at an all time low.

Best you look in a small town if you want prices comparible.
2BLUE
10-16-2010, 05:37 PM
I was looking in chilliwack which seems to be fairly around the same price.
JordanLotoski
10-16-2010, 05:56 PM
Check PM. I can send you info on property and comparables.