Hello all,
We have seen a house in Turtle Rock that we really like. But the problem is that it is currently very over-priced thanks to the sharp increase in the housing market. From one side if we put an offer that is (almost) 10% less than the asking price (which is the reasonable price based on the comps and recent sales), our chances are very low. On the other side, if we wait for a long time for the price to get adjusted we may lose it to another buyer. I know that there is no perfect solution, but I wonder what experts would do in a similar situation.
One more question, if we put an offer and it gets rejected, what is the possibility of the seller getting back to us in future ? Also how bad is it if we put a second offer after a few weeks if the house is not sold by then ?
All the comments are very much appreciated.
We have seen a house in Turtle Rock that we really like. But the problem is that it is currently very over-priced thanks to the sharp increase in the housing market. From one side if we put an offer that is (almost) 10% less than the asking price (which is the reasonable price based on the comps and recent sales), our chances are very low. On the other side, if we wait for a long time for the price to get adjusted we may lose it to another buyer. I know that there is no perfect solution, but I wonder what experts would do in a similar situation.
One more question, if we put an offer and it gets rejected, what is the possibility of the seller getting back to us in future ? Also how bad is it if we put a second offer after a few weeks if the house is not sold by then ?
All the comments are very much appreciated.