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03-26-2008, 10:02 AM
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Member
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Join Date: Jul 2007
90 posts, read 116,213 times
Reputation: 24
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How to re-negotiate?
I gave an offer on home for 310K and builder counter offered at 312K and I am sure they may come down little bit because no builder looses a customer for just 2k in this market. I did not accept their counter offer yet. Now I figured out(from recent buyer) the property is worth/negotiable to 300K-305K for Sure.
NOW WHAT?
Can I re-negotiate to lesser than my previous offer(Money maters, every thing is business) OR take it for 5k more than market price just because I gave an offer(moral maters)?
NOW WHAT?
Last edited by webuser; 03-26-2008 at 11:25 AM..
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03-26-2008, 10:16 AM
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Member
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Join Date: Jul 2007
90 posts, read 116,213 times
Reputation: 24
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help needed. Dont want to loose 5 to 10K
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03-26-2008, 11:13 AM
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Member
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Join Date: Jul 2007
19 posts, read 25,959 times
Reputation: 12
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Are you using a realtor? If not, that would be a wise choice! They would be able to help you with all of your questions.
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03-26-2008, 11:23 AM
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Member
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Join Date: Jul 2007
90 posts, read 116,213 times
Reputation: 24
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Quote:
Originally Posted by at home america girl
Are you using a realtor? If not, that would be a wise choice! They would be able to help you with all of your questions.
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I would like to have my own numbers in my mind before I aproach a realtor. Hope this forum would help me figure out what to do.
Any help. please |
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03-26-2008, 01:41 PM
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Member
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Join Date: Jul 2007
90 posts, read 116,213 times
Reputation: 24
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Any help. PLS
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03-26-2008, 02:55 PM
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Discopants and Haircuts
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Join Date: Jun 2006
Location: Turn Left at Greenland
11,776 posts, read 7,486,052 times
Reputation: 2869
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Since you threw 310 at them, tell then 310 or no deal.
__________________
If there won't be dancing at the revolution, I'm not coming.
Emma Goldman
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03-26-2008, 03:21 PM
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Senior Member
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Join Date: Jan 2007
Location: Indy
601 posts, read 587,921 times
Reputation: 252
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Is this house that important?
If not, I would decline their offer of 312k and walk away and find another house.
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03-27-2008, 10:53 AM
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Member
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Join Date: Jul 2007
90 posts, read 116,213 times
Reputation: 24
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I have Option 1 2 3 and this is Option 1 and home looks good. Did you ever heard of re-negotiating to lower price after you offer at a price. But none of us agreed on the latest offers and counter offers and they both are void after 24 hrs of offering.
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03-27-2008, 04:26 PM
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Real Estate Agent
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Join Date: Jun 2007
68 posts, read 59,194 times
Reputation: 20
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Is this a spec or a new build? What builder? It is going to be hard to negotiate under your first offer.
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03-27-2008, 04:32 PM
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General Instigator
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Join Date: May 2007
Location: Rural Central Texas
2,180 posts, read 1,543,807 times
Reputation: 3050
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There is no magic number for you, and only a net cost bottom line for the builder. Unless you know his construction costs and his financing costs you will have difficulty determining what he can afford to drop to. He may have more invested in the property than he should and be reluctant pay money to sell to you at a lower price.
At this stage, your negotiation tactic might be that since you first offer you have discovered new comparable properties that have sold and now feel the house has a lower market value and would like to give him a chance to reconsider at the lower price. Just don't be so in love with the house that you cannot walk away. He may take offense if he is emotionally involved.
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