We received an offer today on a property near Westmead - I thought I would like to share with you.
As you are aware the first home buyers are out in force with properties under $400k being sold in a couple of days.
We received this communication this morning:
This particular property was sold on 11/06/2009 for $295,000
We have received low ball offers in the past but never have we received an offer that was 79.5% below the asking price.
Whats the lowest offer (% of purchase price) that you have put forward and what was the result?
As you are aware the first home buyers are out in force with properties under $400k being sold in a couple of days.
We received this communication this morning:
"Offer"
"I acknowledge that your asking price is $299,000 and maybe you know something that we don't. However, from what we have inspected of the property on 06/06/09, accounting for repair costs and from what we have researched of the properties in the area, we believe that if we are to purchase through conventional methods, we would be looking around $61,140.
If you are able to finance the whole mortgage at 0% interest for 15 years, with no deposit, including paying for building and pest inspections, repairs and closing costs, then our offer is closer to $106,690.
We are open to negotiations, if you have a counter offer or would like to speak with us, please do not hesitate to email or call us through the details provided below.
Regards,
This particular property was sold on 11/06/2009 for $295,000
We have received low ball offers in the past but never have we received an offer that was 79.5% below the asking price.
Whats the lowest offer (% of purchase price) that you have put forward and what was the result?