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Updated about 9 years ago on . Most recent reply

Brandon Nappi's profile image
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Brandon Nappi
  • Investor
  • from Fort Thomas, Kentucky
  • Member since Jun 2, 2014
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Brandon Nappi's profile image
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Brandon Nappi
  • Investor
  • from Fort Thomas, Kentucky
  • Member since Jun 2, 2014
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Brandon Nappi
  • Investor
  • Fort Thomas, KY
5
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33
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Buying & Selling Real Estate

Premium to buy a house that's not for sale?

Brandon Nappi
  • Investor
  • Fort Thomas, KY
Posted

Looking to buy a house that's not for sale.  What would a typical premium you would offer? 10%?  20%?   I know the correct answer is 'whatever gets the deal done and what you're comfortable offering' but I just am trying to get a feeler of where to begin.    

The house is worth approx $300k and the seller is at least willing to listen to me.   Just wanted some opinions.  Thanks BP!

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Account Closed
  • Investor
  • from Central Valley, California
  • Member since Mar 9, 2012
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Account Closed
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  • from Central Valley, California
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Account Closed
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  • Central Valley, CA
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Account Closed
  • Investor
  • Central Valley, CA
Replied

Not sure what you mean by premium.  I only buy houses that aren't for sale and I've never paid a premium.  The seller is already netting an additional 6%+ for no sales commissions. You can make you offer so you pay all costs, no repairs, etc. Why would you offer a premium?

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