Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago, 06/27/2023
Offering below asking price
I’m new to real estate and haven’t made an offer yet. I keep finding properties that don't make sense at the asking price, which I’m sure is common. For example, I found a pretty decent property but they’re asking way too much. They’re asking $385k but the only way I’d get a good deal is around $330-345k. Do I offer that or do I just walk away?
They bought it 2 years ago at $305k, so they’d still make a profit.
Any advice?