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Author: jagunlimited Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127673  
Subject: Re: Is $5,000 worth negotiating? Date: 2/15/2000 6:51 AM
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Check with realtors in your area. If they're worth a grain of salt, they will know the average selling price versus the average offer price. For us, the selling prices were about 97% of the offering prices. My wife and I decided that this was the minimum discount we would allow.

Also, unless it is a heavy duty commercial refrigerator, it is only worth $100.00. Look in your paper, no refrigerators/freezers sell for more than $125, regardless of year/options, etc.

When my wife and I negotiated our house (closing this Friday), $5k was a big deal to us. Consequently, we got the property for $3k less than we were willing to pay.

$3k is a nice new refrigerator and a new bed.

Also, since this is a fsbo, be sure to have a clause in your contract that you can back out if the appraisal isn't up to snuff. This will cover you, if they have priced it ridiculously high.

Just my humble opinion.
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