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Old 12-18-2009, 05:30 PM
 
9,702 posts, read 14,033,328 times
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Well, in a manner of speaking, anyway.

I made an offer on a house at $78k under asking price (about 15%). The sellers countered by coming down $53k, leaving us $25k apart. Rather than increasing my offer (as suggested by my agent), I countered back with my original offer in a take-it-or-leave-it gesture. The sellers just agreed to my offer and I am now in escrow on a SFH in Spanish Trail.
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Old 12-18-2009, 05:40 PM
 
1,347 posts, read 2,343,175 times
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Quote:
Originally Posted by MadManofBethesda View Post
Well, in a manner of speaking, anyway.

I made an offer on a house at $78k under asking price (about 15%). The sellers countered by coming down $53k, leaving us $25k apart. Rather than increasing my offer (as suggested by my agent), I countered back with my original offer in a take-it-or-leave-it gesture. The sellers just agreed to my offer and I am now in escrow on a SFH in Spanish Trail.
Congrats MadMan. Nicely played!
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Old 12-18-2009, 05:50 PM
 
391 posts, read 1,664,189 times
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Congrats and nice to know. In spite of what we are sometimes led to believe around here, still a buyers market (at least in that range).

If I go that route, I'd definitely offer 15% under. Although $78k seems like a lot, 15% is pretty reasonable. Way to stick to your guns, though. If it was a place I wanted, I probably would have countered half the difference. Maybe that's my problem with poker!
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Old 12-18-2009, 06:13 PM
 
Location: Here and there, you decide.
12,874 posts, read 26,203,315 times
Reputation: 4963
PARTY AT CLOSING AT MADMAN'S HOUSE... ILL BRING THE MARGARITA MACHINE. Just like i say.. if its a high dollar house, offer 10-20 below... If its under 150 - list to 10% up depending on area...
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Old 12-18-2009, 07:50 PM
 
1,966 posts, read 4,133,697 times
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Congrats, glad to see another Washingtonian come this way This way I have another voice of reason when people rant about how bad the traffic and crime is here.

Party at Mad Man's house after closing I'll bring a case of Heineken
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Old 12-18-2009, 07:50 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 36,161,372 times
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Don't bet on it. In September we lost a 455K bid on a 378K REO listing. The house was fair market at around $500K.

Presently dickering for a fantastic house that is not quite finished for less than half what has been spent on it.

The big loft house on Rockstar at Fort Apache and Alexander is still there. Well over a million into that place. Needs another 150K to finish. Floors and appliances. Around 5000 SF with the best views anywhere of Las Vegas from its cupola sitting room. Under 500K and it is yours. Pick up the next lots cheap as well. The trick is that one of the liens has to be bought off and the bank holding the paper won't do it.

And Congratulations MadMan...It always feels good when you pull one of those off....Particluarly if it a house you really want.
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Old 12-18-2009, 07:51 PM
 
Location: Portland, OR / Las Vegas, NV
1,818 posts, read 3,642,103 times
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I'll be down there next week to help Airics drink the Margarita's.

Congrats On your purchase!
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Old 12-18-2009, 08:32 PM
 
515 posts, read 1,125,941 times
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What is 'cheap' for those neighboring lots on rockstar circle?
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Old 12-18-2009, 08:48 PM
 
549 posts, read 1,313,985 times
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Quote:
Originally Posted by MadManofBethesda View Post
Well, in a manner of speaking, anyway.

I made an offer on a house at $78k under asking price (about 15%). The sellers countered by coming down $53k, leaving us $25k apart. Rather than increasing my offer (as suggested by my agent), I countered back with my original offer in a take-it-or-leave-it gesture. The sellers just agreed to my offer and I am now in escrow on a SFH in Spanish Trail.
Congratulations! Welcome to Vegas.
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Old 12-18-2009, 10:12 PM
 
9,702 posts, read 14,033,328 times
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Thanks everyone for the warm welcome and the good wishes. The only downside is that I apparently waited a couple months too long to move to the desert. The D.C. area is having an historic snow storm this weekend. It will be by far the greatest December storm in history and may even rank among the highest snowfall totals ever. The snow started falling earlier this evening and won't stop until sometime Sunday morning. Predictions are of up to 2 feet to 2 1/2 feet of snow before it is all over. Now keep in mind, we only average a few inches of snow for an entire winter!

And I understand it reached 63 in Las Vegas today.

If only I had bought a house during my August house-hunting trip. I'd already be in Vegas.

And I heard that it reached 63 today.

Now that is what I'm talking about!
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