UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next
Author: jreg2 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127815  
Subject: should I buy a house? this house? Date: 11/6/2008 11:44 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Looking for suggestions. Though it can be confusing to hear lots of opinions before moving forward, that's what we want.

There is a house that we really like. It needs some important work, but nothing huge. We know there are gutters to replace, a few windows and some surrounding wood to replace. We haven't had the house inspected yet, but we're assuming for now that the results of that will be fine. The house has been on the market for over 6 months. It's currently listed at $335K having dropped from $355. Our offer of $285 was rejected then we upped the offer to $300. This second offer was countered with $325.

In this market, is it realistic to think that we can get this house? What should we do next? Increase the offer or just say we can't and see what happens? We can afford to pay more than our current offer, but we don't really want to do that unless we really have to.

The home owners have indicated that they'd like to close and do so in Decmeber. Does that mean that we should hold where we are? We haven't heard of any other offers, but there could always be one.

What sage (or other) advice do people have to share?
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next

Announcements

Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement