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Old 06-08-2009, 04:49 PM
 
148 posts, read 506,112 times
Reputation: 41

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We are in the market to move out to Lower or Upper Macungie. I have been researching prices and was wondering how inflated they are. For instance, if there is a house listed for $360,000 then how low would they potentially go? Would $340,000 be too low of an offer?

Thanks!
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Old 06-08-2009, 06:00 PM
 
13,008 posts, read 30,729,432 times
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If you have a buyer's agent they should be able to give you the most accurate information and show you the comp's for the area. Our neighbors have their house up for sale and got a really low offer and didn't even bother to counter, just refused it outright.
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Old 06-08-2009, 09:24 PM
 
Location: Bethlehem
5 posts, read 12,503 times
Reputation: 10
[SIZE=3]When presenting an offer to a seller, you should be sure to leave some room for negotiating between your initial offer and the maximum you are willing to pay. Keep in mind your first offer should not be your best offer. In most experiences, offers are not usually accepted the first time it’s presented to a seller. But the fact is, both parties are looking to close the deal. By putting in the initial offer, all you’re doing is opening the door to the negotiation process until both parties are satisfied. Of course before presenting the offer to the seller, you may want to speak to your representing agent if you have one. This way the two of you can sit down and discuss whether the offer you are about to put in is a wise one for the area you are looking to buy in. Good luck to you, if you have any additional questions please feel free to ask. [/SIZE]
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Old 06-08-2009, 09:59 PM
 
9 posts, read 19,636 times
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If you have a really good buyer's agent, they will be able to tell you how much the property you're interested in is worth and what price to bid. If a house is priced "correctly", it will sell quickly. Generally, a house that is on the market for a long time is A) overpriced and B) the seller is firm about getting their listing price.
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Old 06-10-2009, 05:39 AM
 
Location: downtown Easton
99 posts, read 314,674 times
Reputation: 95
A good rule of thumb: a reasonable offer is usually in the ballpark of 90% of the asking price( provided the asking price is also reasonable!)
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Old 06-10-2009, 02:57 PM
 
Location: Lehigh Valley, PA
242 posts, read 786,729 times
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Default Price, Terms and Conditions....

There is so much that goes into a good offer and there really is no GOOD rule of thumb....because your market area (competition and comparables) will determine what is a good starting point. A good buyers agent will be able to give you good input, as taking into consideration any terms and conidtions needed for the agreement.

In this market....a good agent and good homework can go a long way to help capitalize on your opportunity.

Jeff
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Old 06-11-2009, 08:29 AM
 
Location: downtown Easton
99 posts, read 314,674 times
Reputation: 95
Well said!
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