Skip to main content

Found the perfect house in the perfect neighborhood, but the sellers are asking for too much. Help?

As the title says. I found a very unique house that fits my family's needs, but the seller is asking for way over what it is worth and aren't willing to come down.

They originally listed the home for $795k. They've dropped it down to $770k, we counter offered $745k and they countered with $760k. Built in 1990, has had some remodeling done but not by professionals. The floors are lumpy and uneven linoleum. The roof has *maybe* 3 years left, but also some areas already show rot so basically the whole roof will have to be replaced immediately upon moving in. The sellers are not willing to put any money towards the roof, or take any off of listing price. It has a HUGE deck in the backyard, but some support beams have rot so will also have to be replaced asap. All of the windows are old single pane lead windows that haven't been maintained, so they're difficult to open and shut. They also lack screens and I have young (9 and 7) year old kids. One of the larger windows in the basement level bedroom is also completely broken and covered with cardboard, so that will have to be fixed before moving in.

On the plus side, this house has 6 bedrooms and 4 bathrooms. Houses in this town never have that many bedrooms or bathrooms. However two of the bedrooms seem to be uncontracted add-ons.

Houses in the neighborhood typically consist more of 3 bedrooms, 1-2 bathrooms, and typically sell anywhere from the upper $500ks to the lower $600ks. A house similar to the one I'm looking at (7 beds 5 baths) sold for $695k roughly 6 months ago, and that house didn't need nearly as much work done to it.

The thing is, despite all of that, I have absolutely fallen in love with this house and desperately need to raise my family in it. This house is amazing to me, it would be a dream to live there but I can't justify spending $760k on a house that will immediately need a new roof, new deck posts, new windows, and possibly new flooring depending on what's going on underneath the linoleum. What can do I do try and get them to lower the price? For the house we currently live in, we sent a letter to the sellers talking about how much we wanted this house, does that still work? I can't move on from this house, I NEED it.

submitted by /u/TeenyMom
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1uowv3z/found_the_perfect_house_in_the_perfect/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more