[trekwars2000]

So we are looking at a house. Without putting the address here (PM me for specifics if you want), it is in the Grand Legacy development (Valle Verde and Wigwam) and 2600 Sq Ft and located on a golf course 1/4 acre lot (11K sqft). The guy bought it in May for 280K at auction (no MLS record, just a record at the assessors office) and put 38K of upgrades into it. He has it listed for 360K. It doesn't have a pool.

Same exact house sold up the street in May for 275K (though on a 9K lot and not on the golf course). My realtor has said two other houses sold in the August time frame. the first is 300 sqft bigger, on the golf course on a 7K sqft lott with a Spa for $409K and the other is 700 sqft bigger on a similar size lot on the golf course (with pool I think) for $423K. Also, according to zillow, one in the community closed at the end of August for $435K and it is 4K Sq ft on a 7K lot without a pool on the golf course.

Additional Infromation: The house is emaculate. Our realtor said looking at 100 houses you would only see 2 or 3 of them in the condition this is. The seller has indicated he will pay closing costs (I'll assume 3%) if we come in with an offer at/near the 360K. He first listed the house on 7/1 at 400K, then 7/15 dropped it to 379K and then 8/1 dropped it to 369K and then 8/15 dropped it to 360K. Has stayed at that price for a while now and it has been on the market almost 3 months.

I am not sure if this is enough infromation but I'm looking for help on what to offer in at. We are thinking 345-350K with closing costs but are curious if that is too low/high.

On a side note, as a renter at a condo I don't know what trash/sewer/water costs a month for budget purposes. The yard is all grass without a pool (for water costs). Any input on that would also be great.

Thanks guys!

[jjameson922]

You must be working with a realtor. Aren't you getting any advice from him/her? You'll have to crunch the numbers yourself. Add for what it has the others didn't, subtract for what it doesn't have they did, take condition into consideration and then ask your realtor what is the average discount to list he sees offers come in at. Once you make the offer, it won't be long before the seller gives you a clear picture as to how much he is willing to take.