So, I've been looking for a SF for a while, and one that was under contract came back on the market thanks to the covid collapse.
This is a rural market with declining population for the last few decades. The biggest employer in town (tourism) just announced their layoffs. I anticipate being fine myself, thankfully.
I went to look at this place today. It's a nice fit, but I don't need a new place to live. The asking price on this house is the same as it was pre-collapse. I 100% do not want to be buying a place like its 2007, but any value adjustment for this house based on covid issues is speculation at the moment, so I'm not sure what kind of agreeable terms there could be between me and the seller.
I guess I'm wondering what would make people jump on buying a house at the moment. I've seen a lot of posts about deals falling thru or people opting to wait. I'm wondering if I can float some ideas about price reduction to the seller that could be agreeable.
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source https://www.reddit.com/r/RealEstate/comments/frgvw1/negotiating_sf_purchase_price_during_covid/
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