Posted by Brent_IL on January 23, 2001 at 20:08:04:
Short Version:
Offer $60,000. You can always increase your offer. It’s very dificult to start at the asking price and work down. Ask your friend what he thinks it is worth before you share the info you got from the Realtor.
Help!!! Short Version - Posted by Brian
Posted by Brian on January 23, 2001 at 18:33:32:
I have a house I am looking to purchase…
The home is 5 yrs old. Paid 117,000 5 yrs. ago…
The seller is a friend…
Ok. I have a realtor friend…He told me that now, if he were to put the house on the market, the highest he thought it would sell is 124,000…He also said that the lowest would be 119,500…
Ok…There is no realtor involved…Just the seller and I…
If you were going to make an offer, would you make it for the above prices less the 5-6% realtor commission…
That is:
124,000 - 5.5% = 117,180
119,500 - 5.5% = 112,927…
What would you all do…
Thank you,
Brian