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I think you worries are understandable. Buying a house is really stressful. I think you should offer what you think is reasonable. If they don't counter then you can make an offer on the other house. From what you wrote you may want to start with the other house. It looks like a better deal. Is there some reason that you like this one better?
Why not make an offer on the nicer house if they are listed the same? More room, another bathroom and better maintained by the sound of it. For no difference in price.
I think a good common practice is, that if the house is in good condition and somewhat in line with comps, that any offer within 10% of the asking is a good starting. So the lowest I would go here, considering the info you have provided is probably 200-205ish. I don't see anything offensive at all about 215 w/closing.
How about you make an offer based on what you can comfortably afford. It dosnt matter what a house sold for last year, or this year or whenever. The main point is that you are comfortable with the payment and can afford it.
How about you make an offer based on what you can comfortably afford. It dosnt matter what a house sold for last year, or this year or whenever. The main point is that you are comfortable with the payment and can afford it.
Actually, THAT needs to be determined long before getting to this point in the home buying process!
And, frankly, the seller doesn't give a rip if the buyer can afford the house. The seller cares about how much money he ends up with in HIS pocket, how long it's going to take to close, how much trouble it will be to close the deal, and proof that the buyer can borrow the funds from somewhere.
How about you make an offer based on what you can comfortably afford. It dosnt matter what a house sold for last year, or this year or whenever. The main point is that you are comfortable with the payment and can afford it.
Within reason.... I'd love to buy a $650k home but can only afford a $300k home. It's gotta be realistic.
I would make the offer you want to make, not your agent. If you believe your offer makes sense, then do it. I wouldn't think your offer would be insulting, but i don't know the sellers and people can be funny...in an odd way.
You are talking about a commission difference of $150 dollars between the two different offers! LOL Really?
The agent is doing her/his part in keeping the house/neighborhood priced as high as possible for future sales; EVERYONE‘S happy, except the buyer. Dubious indeed.
The agent is doing her/his part in keeping the house/neighborhood priced as high as possible for future sales; EVERYONE‘S happy, except the buyer. Dubious indeed.
The agent is going to steer the client to make a higher offer and risk losing the deal for future higher priced sales to pocket an extra $150 dollars? Talk about a conspiracy theory!
Also, we don't know the market there. $225k could be overpriced and the seller could of priced it on the higher side to be flexible. The comps could really show $220k or $215k. So lets not act like $215k plus closing costs "$208k" is such a lowball offer. The seller and their agent can always counter back. It's part of the negotiating process and the buyer is within reason to ask.
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Crony-inflation
