Home Values and What to Pay

**IAmHim** · 10-05-2011, 07:11 PM

I'm new to the forums so I hope I can get some good info.

I am in the market right now to buy a home in the Tempe/Chandler, AZ area, $100,000 to $140,000 range. I usually search Realtor.com for what's out there. My question is, with the way the market is can I expect to take $10,000-$20,000 off a listing price? For example, if a house is listed at $120,000 do a lot of sellers accept lower offers such as $100,000? Are there any ballpark numbers or rules of thumb here or maybe houses usually sell for their listing price??

**markbrian** · 10-06-2011, 07:29 AM

Every market and every home in that market is different....

Your best bet is to find an experienced Buyers Agent that knows the Tempe/Chandler area. Interview several Buyers Agents and find someone with experience and knowledge to get you the best home at the best price and terms. You could probably start your search by asking friends, family, co-workers for their recommendations.

Good luck and best wishes with your search for a home!

**Greg** · 10-08-2011, 06:02 AM

If the house is priced competitively then the seller may not come down in price.

If the house is over priced the seller might come down in price if they do not owe too much on it and have the ability to come down in price.

This is why you need a good agent to help you determine the value of the house before you make an offer.

**pandy1021** · 10-10-2011, 08:19 AM

If a house is already been in the market for long, you can try to get less payment from it's original price. But if the house is just almost new to the listing, I doubt that you may get less than its original price. What you can do better is to get an RE agent, someone who is professional or experienced in dealing with houses and properties on the area you want to buy a house. They can provide you a list of houses that you can have less pricing if you want.