I Might Throw Up

I’m going to be making an offer on the house tomorrow night at 6pm.

The seller is asking $218K and the flyer says things like “Priced below fair market values,” “instant equity,” and “make me an offer! I’ll listen!”

I’m going to offer $200K contigent on a home inspection I’ll pay for and ask that the seller pay the closing costs (which’ll be about $3K).

I’m not sure what the appropriate response is if she says “no.” Do I go up $1K, $2K, $5K per offer?

God, this is a big step. I can’t believe I’m doing this. Especially by myself.

tags: house buying

3 comments

1. on October 26, 2006 at 4:11 pm

   Tamara said:

   You’re not using a real estate agent? They would help with that “what do I do” question.

   Good luck!

2. on October 26, 2006 at 4:55 pm

   Julie Q. said:

   Oh so scary! Good luck and if you do end up buying it, be sure to bring lots of pens to the contract signing party. You’ll sign your name so many times that you’ll wish you were named Bob Li.

   Thanks for visiting my Th.Th.

3. on October 27, 2006 at 10:35 am

   Eli said:

   Yeah, if you get too scared, you can find a real estate agent who will work on your behalf (a broker, I think they’re called). Ours checked the prices of comparable homes in the area, advised us on how much to offer and how much to counteroffer, etc. in addition to showing us a ton of houses before we found “the one”.

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