Real estate General topic

[buckeyefarmer]

I once put in such a low offer, more than $20k below asking price. The seller responded by making a counteroffer $100 less than asking price. Whoops, I angered the seller-- no longer any hope for that deal ....

That's pretty much what happened to me last year on one. However the property I did buy I offered $20K below asking and they accepted, it was a cash deal.

 

[plowhog]

Mine was many years ago-- $100k for a 20 acre lot.

Agent said "cash speaks volumes" so I jumped on it. Offered $80k cash. Counter was at $99,900.

 

[WinterDeere]

I once put in such a low offer, more than $20k below asking price. The seller responded by making a counteroffer $100 less than asking price. Whoops, I angered the seller-- no longer any hope for that deal ....

Sellers play all sorts of games. I was looking at a house with an asking price of $650k in 2010, which really should have been priced in the low $400's. I said as much to the seller's agent, and said I'd make an appropriate offer, to which they told me "don't even bother, they're turning down offers higher than that."

So, I leave without making an offer, and a week later they contact me to request an offer. Okay... so I guess the "don't bother" was just posturing?

So, I make an offer in the mid-$400's, a bit higher than it was really worth, and they reject it on sight. Fine, I withdraw the offer, and make an offer on another house.

Then they come back two days later and ask why I withdrew the offer. They're ready to accept it. What?

I told them to go pound sand, by then I was already in negotiation on the property we eventually bought. The house sat on the market another two years, before eventually selling below the offer I had made them.

I had another seller prior to all of this reject a cash offer, with no contingencies, and accept another offer for the same amount with home inspection, mortgage, and resale contingencies from another buyer. I can only figure the other buyer was a friend or family, as it's crazy to turn down a no-contingencies cash offer, for another with three contingencies for home inspection, mortgage approval, and selling the buyer's prior home.

 

[ultrarunner]

I like that Real Estate is still a business of negotiation.

Seller can ask for the moon and buyers can be creative in crafting offers.

Property is unique as are buyers and sellers.

 

[paulsharvey]

The one we offered on a month or so ago, started at $420, for whole 13.5; we offered $360; hit with counter of $400; we final offered $380k, with all of their other demands, Except, we wanted all 13.5, not just 10 he wanted to lump. Just now, I see, he's down to asking $359.9k, for just the 10.0 acres and home...

Frankly, depending on Fridays viewing; we might circle back with Guy1, and say $340 or all 13.5... I know he was desperate for cash, with his demands for a Largw amount of earnest money.

 

[ultrarunner]

It's a transitioning market where I am after go go go for a long time

Homes falling out of escrow and buyers becoming more selective...

 

[paulsharvey]

I started another thread about a FLa specific, exempt farm building question, but was able to find the answer through some phone calls with the county building and county zoning departments.

Short summary, FLa, Bona Fide Ag properties are exempt from permitting for ag buildings. My question, I buy a formerly Bona Fide Ag property, where they built the buildings under exemption, and I'm not Bona Fide Ag, what happens to the buildings. Short answer, any future plans would require those existing structures to be shown on the site plan, but they are existing structures. Any redevelopment may affect them; but basically, a non-issue.


The reason I bring this up, I'm 95% sure the sheds (including electric and water), as well as the back porch where not permitted.

Edit: this also may come up in the sale of my existing, when we do put it on market; the shed (16x24 enclosed, w/ 12x16 carport) was not permitted.

 

[paulsharvey]

We toured the 12ish acre property this morning. We made an offer, which is significantly lower than asking. The house itself was nice; the porches didn't look very professionally built. Fences also were pretty sloppy. Not included, but they did have a TYM T39 cab, with 6 ft bush hog, box blade, and 6 ft disk. The RV hook up down by the lake had a travel trailer (not included) that their adult son was living in, but no well. Would definitely need a proper shop and a larger carport type set up for mower, tractor and SxS. The Property Owners Association is no longer around as of 3 years ago. Internet access is available (I feel funny every time I ask about that, but truth is, it's important to us).

The land lay out is still kinda funny, and kinda creates 2 separate properties, with a narrow section of woods connecting them. There were signs of a property dispute, where neighbors to the east had cut across the power line, and it's now blocked with stacked power poles.

The current livestock enclosure was OK, but pretty amateur, and nothing but sand and pine trees. Some deer tracks, and I had previously seen turkeys about 1000 ft up the road.

Kinda looks like the current owners have tried doing the 'homestead' thing, in multiple ways, but not really very well. Empty, poorly constructed chicken coop, poorly built wire rabbit hutches, some growing, but small grape trellis.

 

[paulsharvey]

Real estate lady just followr back up, with "they have another showing tomorrow morning, but this might just be a scare tactic". She also said owner wants to know if you want the 5 goats and the donkey? Wife said "we are willing to keep them, but not pay for them". I kinda don't want them, but if they are concerned with rehoming them, I'm OK with keeping them until we have a real livestock plan (which will not involve goats or donkeys; might get 2 steers, or meat sheep, but not goats or donkeys).

 

[Sigarms]

We toured the 12ish acre property this morning. We made an offer, which is significantly lower than asking. The house itself was nice; the porches didn't look very professionally built. Fences also were pretty sloppy. Not included, but they did have a TYM T39 cab, with 6 ft bush hog, box blade, and 6 ft disk. The RV hook up down by the lake had a travel trailer (not included) that their adult son was living in, but no well. Would definitely need a proper shop and a larger carport type set up for mower, tractor and SxS. The Property Owners Association is no longer around as of 3 years ago. Internet access is available (I feel funny every time I ask about that, but truth is, it's important to us).

The land lay out is still kinda funny, and kinda creates 2 separate properties, with a narrow section of woods connecting them. There were signs of a property dispute, where neighbors to the east had cut across the power line, and it's now blocked with stacked power poles.

The current livestock enclosure was OK, but pretty amateur, and nothing but sand and pine trees. Some deer tracks, and I had previously seen turkeys about 1000 ft up the road.

Kinda looks like the current owners have tried doing the 'homestead' thing, in multiple ways, but not really very well. Empty, poorly constructed chicken coop, poorly built wire rabbit hutches, some growing, but small grape trellis.

Given you've seen it, I would stick with your original offer if that was fair in your opinion.