@Anonymous wrote:
The question should be "How Much is this House worth to me?" Although I did read an article that said the price you offer should be 13% lower than asking (I assume this means 10% less + 3% closing)
Good Luck!
Message Edited by 1111mel on 12-16-2008 11:05 PM
To me, it's worth millions! It's perfect. It would allow us to "let" my MIL keep all of her furniture (living room, kitchen, dining, etc) from her apartment and not force us to pay for storage. It's handicap accessible, so as she (not to mention us -- since we're keeping it in mind that we *may* end up retiring in this house) gets older, it won't be difficult for her to move about (or us).
To DH, LOL, it's worth $230K. Mainly because he's pretty cheap and because he can't see paying more whatsoever (unless it was on the waterfront).
BTW, I did NOT mention the amount left on their loan to justify offering a lower offer -- I really have no idea if something like that comes into play with a short sale. Believe me, I feel *enough* like a horrible ghoul for being willing to "cash in" on someone else's misfortune. What bothers me most is the fact that *since* it's been modified for elderly or disabled care, it means not only a couple are losing their home, but probably someone who's disabled is, too.
Does that make sense? I mean, if it was a couple who just frittered away their income on furs, jewelry, trips, etc, that would be one thing (though I'd still feel horrible -- I mean, this is their HOME), but if they were caring for a disabled family member, they'd hardly be the type to fritter ... and were probably VERY conscientious and crap just happened to make it impossible for them to keep their home.
Durn ... I really feel horribly guilty just being excited over the durn house. I *especially* feel guilty that I'm trying to pay so little for it.