Need advice on making a offer on a home.

**glendale20191** · 11-12-2008, 10:46 PM

I'm new to this, but here is my situation. I'm looking at a condominium in Glendale California, and want to eventually make a offer. It's shows a status of resale, and the price is at $269,000. The price was reduced on 10/01/08 from $339,000 to $299,000 and then again from $299,000 to $269,000 which is the price at the moment. It's been on the market for roughly 142 days, and the lowest free online estimate I got for the properties worth is $295,000. The question is, should I make an offer below the price and how much below should I ask. I want to get a real good deal, and should be receiving my pre-approval VA loan within a weeks time, and most likely will have to add the VA funding fee to the mortgage which is at roughly 7 to 10k. Any advice will be most appreciated.

**Mike Taylor** · 11-13-2008, 01:31 AM

The best advice you are going to get is to find a good local real estate agent to work with. No one here can tell you what the house is worth and online estimates are absurdly inaccurate. Get a good local agent and they can help you with these questions.

**Mario J.** · 11-13-2008, 01:26 PM

I agree with the previous post.

Also, when you find a Realtor to represent you, ask the Realtor to research why this condo is not selling. You want to make sure you are making a good "buy" yourself and that your value will hold in the future.

Thanks,

Mario Jannatpour