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Old 05-02-2018, 10:33 AM
 
16,504 posts, read 17,550,486 times
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Quote:
Originally Posted by Newtohartfordct View Post
Adding those things would add value and make it comparable to the comps. We were told previous estimates for central air were 8-10k. Dhís Coworker said he had his bathroom put in for 10k.
Yes HVAC installs run 10k average

When you say put in a bathroom if itís a additional bathroom or just remodeling or making a big bathroom into two smaller ones? Because if youíre adding a whole room to accommodate a bathroom as a addition itís usually a lot more than 10k. But maybe your area is cheaper
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Old 05-02-2018, 10:39 AM
 
8,307 posts, read 8,589,144 times
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Default The Real Estate Business is Full of Types Trying to Get Rich Quick

Quote:
Originally Posted by Newtohartfordct View Post
Doesnít sound like a a family looking to buy, more than likely was an investor. Buyer probably sends hundreds to thousands of low ball offers to see who bites. I read the blog of a guy who did that for a living, it took a lot of noes and insulting sellers, before he would get yeses.
A similar thing happened to me. I recently sold a home for about 420K. The market here is pretty hot. I only had the house on the market for about two and one-half months. However, before I sold it someone came along and offered me 300K for the house. On the form rejecting the offer, I scrawled at the bottom "don't waste my time".

I have come to realize there are lots of people who have read a book on how-to-get-rich selling real estate or the book titled You Can Negotiate Anything. They see themselves as the next John D Rockefeller. I think many of them believe that they can chisel you out of 25% of the value of your property by acting like a shark.

These types are really pretty disgusting. The best thing to do is to reject their offers and not make a counter-offer. Don't feed their egos. I told my agent in writing that she was not obligated to present any offer on the home to me that was less than $375K.
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Old 05-02-2018, 10:58 AM
 
595 posts, read 377,315 times
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Quote:
Originally Posted by aslowdodge View Post
Quick aside, photogal9 , did you ever get that condo?
Nope, still looking.
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Old 05-02-2018, 11:01 AM
 
230 posts, read 69,808 times
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Quote:
Originally Posted by SailCT View Post
North Hartford, better go "heavy" as in armed at night.

My friend was just out at an event in the winter somewhere between downtown and where Trinity College is and they were in an Uber at a light at about 1:30am when they witnessed an all out gun fight occur right in front of them. Luckily they escaped with their lives.

Prices are LOW for a reason.
Location is a suburb, not in Hartford.
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Old 05-02-2018, 11:38 AM
 
230 posts, read 69,808 times
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Quote:
Originally Posted by photogal9 View Post
^This^

Also, research the crime rates in your area. Better to know what you are getting in to, than not.
Crime is low, itís a safe area. Schools are ranked a little lower than where Iím at now. Itís a suburb outside of Hartford.
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Old 05-02-2018, 11:45 AM
 
230 posts, read 69,808 times
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Quote:
Originally Posted by Electrician4you View Post
Yes HVAC installs run 10k average

When you say put in a bathroom if itís a additional bathroom or just remodeling or making a big bathroom into two smaller ones? Because if youíre adding a whole room to accommodate a bathroom as a addition itís usually a lot more than 10k. But maybe your area is cheaper
Thereís already piping where we would want to put it.
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Old 05-02-2018, 12:06 PM
 
595 posts, read 377,315 times
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Quote:
Originally Posted by Newtohartfordct View Post
Crime is low, itís a safe area. Schools are ranked a little lower than where Iím at now. Itís a suburb outside of Hartford.
Gotcha, read the previous reply.

Offer what you think it is worth and see if they counter. You stated there are other options, if this doesn't work out, you know you can move on to another house. You are in a buyer's market, use that to the advantage it gives you.

FWIW, as they are selling FBSO, I would have gone that route on the purchase as well, then negotiated the list price less commission % and gone from there. That's me tho, if you are a first time buyer, you are right to ask for some professional help.

Hopefully they are open to accepting or at minimum, countering your offer (and I hope you gave them a timeline for a response), and that it works out in your favor. Good luck!
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Old 05-02-2018, 12:41 PM
 
16,504 posts, read 17,550,486 times
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Quote:
Originally Posted by Newtohartfordct View Post
There’s already piping where we would want to put it.
So basically just so I have it right you’re expecting him to basically drop his price to cover/foot the bill for
the new HVAC
the new bathroom
pay your agent
pay closing costs
His selling costs


Anything else the seller should pay for that you can think of? You can try it. Hell the guy may be mentally deficient and take the offer or the housing market is just decimated and he wants out of the area
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Old 05-02-2018, 01:01 PM
 
230 posts, read 69,808 times
Reputation: 160
Quote:
Originally Posted by Electrician4you View Post
So basically just so I have it right youíre expecting him to basically drop his price to cover/foot the bill for
the new HVAC
the new bathroom
pay your agent
pay closing costs
His selling costs


Anything else the seller should pay for that you can think of? You can try it. Hell the guy may be mentally deficient and take the offer or the housing market is just decimated and he wants out of the area
I am putting in an offer he can reject. Iím not footing the bill for sellerís overpriced house. Why would I pay more than what a house is worth? Itís been on the market 90 days, reduced and overpriced in comparison to comps. No other offers. Seller can reject or counter. I have other options. Itís just an offer.
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Old 05-02-2018, 01:27 PM
 
16,504 posts, read 17,550,486 times
Reputation: 23586
Quote:
Originally Posted by Newtohartfordct View Post
I am putting in an offer he can reject. Iím not footing the bill for sellerís overpriced house. Why would I pay more than what a house is worth? Itís been on the market 90 days, reduced and overpriced in comparison to comps. No other offers. Seller can reject or counter. I have other options. Itís just an offer.
Ok so put in your offer.
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