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What to offer on a house listed at 235,000?

We are currently in a very slow real estate market. We are interested in a condo that is listed at 235,000. What should we do for an initial offer on the place?

Update:

I just check the County's Property Appraiser's website and search for the property the 2006 is as follows

Property Assessment Values

Tax Year Land Building Land Value

2006 $ 15,740 $ 141,660 $ 157,400

9 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    Don't listen to Mr T. A property tax evaluation will always be stupid low compared to what you actually get when you sell... he is screwing with you.

    I would say start at a reasonable price either slightly lower or at the asking price. It is illegal in most states for one Realtor to divulge what one potential buyer has offered over another potential buyer only that it is higher than yours so that you can counter. Sometimes it can be like E-bay bidding if it is a hot property!

    If you really really want it, come in slightly higher than the asking price. You're more likely to get it, but you will pay more...

  • 1 decade ago

    I agree with other that said get a realtor.

    If you are some parts in the middle of the US you could offer 5-10% lower to start, but if you are on the coasts the whole game changes.

    Every market of the country is different, and without knowing your specific market, like a realtor would, it is hard to offer advice.

  • 1 decade ago

    if you want to make an offer, go get a realtor RIGHT NOW!

    it costs you nothing to have a realtor represent you as a buyer's agent!

    good luck!

    Source(s): Licensed SC Realtor
  • 1 decade ago

    Go to zillow.com and less 10% or you prefer the seller to pay you the closing cost. Good luck.

    Source(s): www.zillow.com
  • Anonymous
    1 decade ago

    check the tax appraisal value and deduct 10 %

  • 1 decade ago

    figure out what you can afford, then offer below that. that way you have some room to go up if there's a counter offer.

  • Anonymous
    5 years ago

    Interesting question

  • ?
    Lv 4
    5 years ago

    I am interested in finding out more on this too

  • 1 decade ago

    ask your Real Estate advisor what is a acceptable bid

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