Hubby and I can't decide between two IPs in the same area but apples and oranges in comparison. Last night we thought 'why not buy both'? We don't care either way if we get both or one or neither as something else will always come along. I figure this puts us in a reasonable negotiating position?
PROPERTY ONE
Has one written $182K and 2 verbal offers (amount unknown). Vendor wants $189K - was originally advertised for $205K. Has a good tenant until April 2010 who wants to stay. Have told REA we'll put in an offer on Monday. Thinking we should just offer the full asking price of $189K to increase chance of securing the deal, considering other offers are verbal only. Thoughts? If we offer full asking we won't be negotiating further if REA tries to get above asking price.
PROPERTY TWO
Owner-occupied. Was renovated and vendor originally over-estimated price at $269K. Price then reduced to $249K. We put in verbal offer at $220K on Friday and were told "we are lucky as vendor will take it off the market at $239K". We could increase to $230K and that seems like the obvious halfway point but obviously I need to try get it for less. Again, we can take it or leave it as another will come along. DO we submit a final offer or keep beating around in negotiations?
Both REA know we are looking at 2 properties and neither know we can put in offers on both. Any and all advice greatly appreciated!
PROPERTY ONE
Has one written $182K and 2 verbal offers (amount unknown). Vendor wants $189K - was originally advertised for $205K. Has a good tenant until April 2010 who wants to stay. Have told REA we'll put in an offer on Monday. Thinking we should just offer the full asking price of $189K to increase chance of securing the deal, considering other offers are verbal only. Thoughts? If we offer full asking we won't be negotiating further if REA tries to get above asking price.
PROPERTY TWO
Owner-occupied. Was renovated and vendor originally over-estimated price at $269K. Price then reduced to $249K. We put in verbal offer at $220K on Friday and were told "we are lucky as vendor will take it off the market at $239K". We could increase to $230K and that seems like the obvious halfway point but obviously I need to try get it for less. Again, we can take it or leave it as another will come along. DO we submit a final offer or keep beating around in negotiations?
Both REA know we are looking at 2 properties and neither know we can put in offers on both. Any and all advice greatly appreciated!