In The Bedroom (2001)

What should I offer on a 4 BR house – asking price $238,900?

It is a center-hall colonial with 4 bedrooms, 2.5 bathrooms. The home is 2200 sq feet and sits on 1/2 acer. (A large lot for this town.) The house was built in 2001 and is in good condition. It is in a very nice neighborhood in the suburbs. Most of the houses in the neighborhood have sold for $250k – $350k in recent years. The neighborhood has a community pool and is within walking distance of a city park. My only concern is that there is a musty smell in the basement. The house is for sale by owner, so there are no realtors involved.
According to the county auditors web site, it was appraised for $236,000. I think the house is fairly priced, but the market in our area is very slow. I want to get this house for as cheap as possible, but I also want to make a reasonable offer.
THANKS!

If the market is slow, put in a low offer- Like 215,000. If that embarrasses you- then its low enough. You never know what someone is willing to take. The worst they can do is say no, and if the market is slow like you say- they will more than likely come back with a counteroffer- probably something like 233,000, then you can recounter and go back and forth till you both settle on a price.
Even though it is fairly priced- the market is slow and the longer they wait- the worse it could get- and they probably know that. Also- you never know how fast they want out either.

In the Bedroom (2001) trailer

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