Marcin
New Member
My girlfriend and I are very interested in purchasing this luxury home in Oakville, Ontario and we were recently told that to entertain a viewing of this home the agent would like for us to come up with a figure that we would be prepared to offer provided we like what we see and decide to pursue the purchase. I think she's trying to make sure that we won't waste anyones time by only being able to offer half of the price.
I'm hoping that some of you with market experience and/or real estate knowledge can suggest to us what a reasonable offer would be for the home of the following statistics:
The home is approx. 6000sq.ft (lot size 70 x 736ft) luxury residence (5 bedrooms) situated in very close proximity (walking distance) to downtown Oakville. It is a very attractive home built in 1998, fully finished with lots of upgrades, nicely finished backyard with a pool fronting lake Ontario. It has been on the market for 9 months and the asking price is $4.29 million. Yearly tax: $35,000 We will not need to mortgage out the home and have the funds to pay it off in full.
We were thinking of telling the agent that right now we would be prepared to spend around $3.4 million on a home. Do you guys feel that this is an appropriate figure? We don't want to commit needlessly to an amount that's too high but at the same time we don't want the agent to not take us seriously by throwing out a number that's just much too low. Also, is it common practice for agents to talk money even before showing the residence in person? Any comments/suggestions would be greatly appreciated.
I'm hoping that some of you with market experience and/or real estate knowledge can suggest to us what a reasonable offer would be for the home of the following statistics:
The home is approx. 6000sq.ft (lot size 70 x 736ft) luxury residence (5 bedrooms) situated in very close proximity (walking distance) to downtown Oakville. It is a very attractive home built in 1998, fully finished with lots of upgrades, nicely finished backyard with a pool fronting lake Ontario. It has been on the market for 9 months and the asking price is $4.29 million. Yearly tax: $35,000 We will not need to mortgage out the home and have the funds to pay it off in full.
We were thinking of telling the agent that right now we would be prepared to spend around $3.4 million on a home. Do you guys feel that this is an appropriate figure? We don't want to commit needlessly to an amount that's too high but at the same time we don't want the agent to not take us seriously by throwing out a number that's just much too low. Also, is it common practice for agents to talk money even before showing the residence in person? Any comments/suggestions would be greatly appreciated.