Posts Tagged ‘offers to purchase house’

Update on Townhouse Purchase Offer

Saturday, June 28th, 2008

I offered $100,000 on the $115,000-listed fixer upper townhouse. The owner came back with $110,00. I came back with $105,000, and the owner accepted my offer. More details to come.

It seems that more houses are now being priced to sell. The agent selling the house that I am purchasing told me that she priced the house 10% below what other, similar houses were selling for. Even after that deduction, the owner took 10% less than the lower price. I think there are a lot of motivated sellers out there right now.

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