Tndeer Logo

Page 1 of 5 12345>
Topic Options
#3151591 - 02/04/13 04:33 PM Make an offer
cecil30-30
16 Point


Registered: 12/05/06
Posts: 14345
Loc: Morgan Co

Offline
Me and my wife are looking to buy our first home,we found one we like that sits on 7 acres for 129K,what is a good offer to start at without offending any one or shooting our ownself's in the foot?
_________________________
The beauty of the second amendment is that it will not be needed until they try to take it." -Thomas Jefferson


Ban Liberals!!! Save America!!!!

Top
#3151597 - 02/04/13 04:38 PM Re: Make an offer [Re: cecil30-30]
timberjack86
14 Point


Registered: 06/20/11
Posts: 8269
Loc: Grundy county

Offline
If it was mine I and I wanted to sell it bad enough in obamas economy I would take 100k.
_________________________
Team Run 'N Gunners

Top
#3151601 - 02/04/13 04:40 PM Re: Make an offer [Re: timberjack86]
Kevin
8 Point


Registered: 09/25/07
Posts: 2046
Loc: Jackson, TN

Offline
I wouldnt offer 30K less to someone still though in this economy. I would go in at 116.
_________________________
A country boy can survive.

A bad day fishing is better than a good day of work.

Roll Tide

Top
#3151615 - 02/04/13 04:48 PM Re: Make an offer [Re: Kevin]
TAFKAP
14 Point


Registered: 11/06/09
Posts: 9856
Loc: Memphis

Offline
What's it worth to you? How's the area? Will it sell otherwise? Is the place a dump? How much do YOU think would be just an insult?

If it needs work, make your offer contingent on repairs and give more money. Without knowing the property specifics, folks will have a hard time trying offer any accurate pricing advice.
_________________________
Everything important in life was learned from Mary Jo Kopechne.

Top
#3151632 - 02/04/13 04:56 PM Re: Make an offer [Re: TAFKAP]
cecil30-30
16 Point


Registered: 12/05/06
Posts: 14345
Loc: Morgan Co

Offline
My bad,I was thinking of another house,this one has a asking price of $112K..It will need some updateing..The carpet is UGLY!

http://public.kaarmls.com/property/view....0%26K%5FBR%3D3&


Edited by cecil30-30 (02/04/13 04:56 PM)
_________________________
The beauty of the second amendment is that it will not be needed until they try to take it." -Thomas Jefferson


Ban Liberals!!! Save America!!!!

Top
#3151636 - 02/04/13 04:57 PM Re: Make an offer [Re: TAFKAP]
BMan
16 Point


Registered: 02/06/06
Posts: 10670
Loc: Middle TN

Offline
What TAFKAP said.

You can also look on the internet and see what it's appraised for tax-wise. That link is http://www.assessment.state.tn.us/ and it'a as simple as putting in an address, owner's name, plat number, whatever is available.
_________________________
Rules are for people who lose fights.

Top
#3151646 - 02/04/13 05:07 PM Re: Make an offer [Re: BMan]
Crosshairy
10 Point


Registered: 08/22/06
Posts: 2701
Loc: Bartlett, TN

Offline
The time on the market is probably the best indicator. You should be able to look that up. If something has been for sale for a short period of time, it's riskier to "play games" trying to low ball someone.

A friend of mine did that last year on a house that was in relatively high demand and lost it. Probably for the best, but it happened.
_________________________
I'm hungry and tired. Don't poke my belly.

Top
#3151648 - 02/04/13 05:08 PM Re: Make an offer [Re: BMan]
BlackBelt
10 Point


Registered: 08/09/08
Posts: 3296
Loc: SouthWest TN

Offline
Not that it helps, but my real-estate friends tell me most homes sell for 92-95% of the asking price, as long as the price is in line with whats reasonable for the comps in the area.
Top
#3151669 - 02/04/13 05:19 PM Re: Make an offer [Re: BlackBelt]
Hangnail
14 Point


Registered: 11/30/00
Posts: 7579
Loc: Murfreesboro, TN

Offline
The tax appraisal doesn't have much to do with the market value. Most of the time, the square footage isn't even correct. That reported prior sale price would and probably does have some seller paid closing costs in there, which brings down the actual sale price.

Save yourself some time and hire an agent that will work for you. They can supply comps and other knowledge that the general public never thinks about. If it's listed with another agent, they can figure out a way to split the commission between them.

Top
#3151680 - 02/04/13 05:32 PM Re: Make an offer [Re: Hangnail]
leader
16 Point


Registered: 08/10/06
Posts: 11641
Loc: Knox

Offline
Hangnail gave the best advice, Hire an agent if your not used to doing this, there is ALOT more to it( or can be) than meets the eye.
Whatever the commission is ( 3-6%) will seem like ALOT,BUT that can be saved in them seeing a roof may need replaced or other things you may not see.
As a rule of thumb, even in in the Knoxville market now, if the house is priced in line most agents will not advise an offer less than 10% no more than 15% if you really like the house. Saying all that, there are ALOT of intangibles to consider and without knowing location, area, market it is hard to give a pinpoint answer.
GOOD LUCK!!!!
_________________________
THE ONLY DUMB QUESTIONS ARE THOSE NEVER ASKED!

Top
Page 1 of 5 12345>


Moderator:  RUGER, Unicam, gtk, Tennessee Todd, Lakeland Charlie, Cuttin Caller, CBU93, stretch, TurkeyBurd, MAN, Bobby G, Kimber45, Crappie Luck 
Hop to:
Top Posters
4106599
RUGER
88400
Deer Assassin
65979
BSK
62020
Crappie Luck
51392
spitndrum
Newest Members
yarddawg54, schiesser, bigdoc, Bggamehunter, willy2763
13605 Registered Users
Who's Online
3 registered (delta, dgb7mm, Teacher) and 72 anonymous users online.
Forum Stats
13605 Members
43 Forums
100233 Topics
1180122 Posts

Max Online: 788 @ 11/11/13 08:06 PM
Moon Phase
CURRENT MOON
December
Su M Tu W Th F Sa
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31
Forum Donations
The TnDeer.Com Deer Talk Forum is for Tennessee Deer Hunters by Tennessee Deer Hunters. If you enjoy using our Talk Forum and would like to contribute to help in it's up-keep. Just submit your contribution by clicking on the DONATE button below and paying with PayPal or a major credit card. Any amount is much appreciated. Thanks for your support!

TN Burn Safe

Generated in 0.009 seconds in which 0.005 seconds were spent on a total of 15 queries. Zlib compression enabled.