Appraised value vs. asking price, re making an offer?

[2CheekyMonkeys]

I was told not to offer too low or they will be offended and 'turned off'. As far as they know, you haven't seen the appraised value. You'd be offering less than their appraised value, I would think you've got no chance.

Also, you could add a clause stating they are to remove the unwanted items.

[LimeSlice]

I wouldn't accept an offer less than appraised value, but it is a good jumping off point for negotiations.

As far as the junk in the yard, talk to the RE and tell him you would add $X to the buying price for it to remain. You will need to be really sure of exactly what is there and exactly what you want left behind though. Last thing you need is to have her leave whole heap of useless **** everywhere, or a pile of asbestos hidden in a car body......

Good luck!

[little_O]

Appraised values are generally on the conservative side nowadays, so I would think if you offer below they could give a flat no.

If she is downsizing there may be the cost of a retirement house she is considering.

Do say you are happy to have the house as is though. That gives the option and the sale is not dependent on the stuff staying.

[Livinthedream]

I would think that asking a vendor to drop their price by 20% is a little ambitious (sp)
It the house has a bank value of 220-230000 then that's what the bank would expect to get for it if they had to repo it. That's why bank valuations tend to be on the conservative end of the market.
I think you need to forget the bank valuation and compare this property to others on the market, and make any offers accordingly.
But hey, you never know....
Good luck