How much should my first offer be? $165,000 asking FSBO?
We are looking at a 3+1 OLD home on a large lot with a detached 2 car garage. (garage not in good condition)
It is for sale by the owner. They are asking $165,000 and it seems fairly in line with some other 3+1 in the town.
A little catch though, they are in the process of doing renovations on the home. They have done the kitchen, windows, blowing insulation in attic and basement, siding, adding an upstairs 3 piece bathroom, and others. They have done a very good job so far, but don't expect it to be fully done until April and our closing date has to be by May 5th. Understandably we want to make sure they are done and we get the home for a good price.
Any suggestions would help. Any ideas on first offers, and what to include in the offers would help a lot.
Thanks,
Best Answer
Make sure your offer is contingent on final inspections from the building inspectors, as well as an appraisal, even if you are paying cash.
Not knowing your market it is hard to really answer this FSBO tend to be in fantasy land though, and tend to ask for a lot more then the property is worth.
Start with 130 and see what they say.
