I know probably this isn't an answerable question, but I thought I'd ask anyway.
We like a property that is listed at $369,000. It appeared on the market last Friday and was open Friday - Sunday for 45 minutes each day. We inspected it on the Friday and not a single person came through while we were there (for 40 of the 45 minutes).
We only have $320,000 to spend...it's in a waterfront block but this unit is NOT on the water. It's on a loud main road, opposite a busy shopping centre and with an overhead bypass road visible from the property.
It's classed as 2 bedrooms but technically it is a 3 bedroom property (the third bedroom is a dining area really, without a door, but were we to buy, we'd put one in, thus making it a proper 3 bedroom property and upping the price! Not that this is our main purpose in buying it. We want a "forever home" this time), it's 2 storeys, and the 2 bedrooms upstairs each have small ensuites.
The property is nicely done, floorboards, nice carpet upstairs, but the bathrooms are dated and would need some work.
Each bedroom also has a balcony. The balcony from the smaller room overlooks that busy road and overpass / shopping centre. The balcony from the master bedroom (which is HUGE) overlooks the lovely gardens and the water (canal / river) that the block is on.
So...is $320,000 too small an offer for this? I happen to think even in this dead market that the asking price of $369,000 is fairly reasonable...I think. But we've been surprised by some incredible bargains going on around here lately...we know the owner paid $315,000 in 2007 as well...so...hmm.
We were considering offering $309,000 and then not expecting them to accept it, but then if they came back with $340,000 or something, we could offer $320,000? Is that silly?
We like a property that is listed at $369,000. It appeared on the market last Friday and was open Friday - Sunday for 45 minutes each day. We inspected it on the Friday and not a single person came through while we were there (for 40 of the 45 minutes).
We only have $320,000 to spend...it's in a waterfront block but this unit is NOT on the water. It's on a loud main road, opposite a busy shopping centre and with an overhead bypass road visible from the property.
It's classed as 2 bedrooms but technically it is a 3 bedroom property (the third bedroom is a dining area really, without a door, but were we to buy, we'd put one in, thus making it a proper 3 bedroom property and upping the price! Not that this is our main purpose in buying it. We want a "forever home" this time), it's 2 storeys, and the 2 bedrooms upstairs each have small ensuites.
The property is nicely done, floorboards, nice carpet upstairs, but the bathrooms are dated and would need some work.
Each bedroom also has a balcony. The balcony from the smaller room overlooks that busy road and overpass / shopping centre. The balcony from the master bedroom (which is HUGE) overlooks the lovely gardens and the water (canal / river) that the block is on.
So...is $320,000 too small an offer for this? I happen to think even in this dead market that the asking price of $369,000 is fairly reasonable...I think. But we've been surprised by some incredible bargains going on around here lately...we know the owner paid $315,000 in 2007 as well...so...hmm.
We were considering offering $309,000 and then not expecting them to accept it, but then if they came back with $340,000 or something, we could offer $320,000? Is that silly?
