Husband and I are looking to relocate. Flew out this weekend to look at a few homes and found one we truly love. It’s not perfect, but it has so many redeeming qualities and we could be really happy there for a long time (we think).
House was listed at $660k in July 2025. Dropped to $645k after a few weeks, and was pulled off the market in September. It was relisted in October for $640k and is now sitting at $625k. I think they used this time to stage, but no other improvements done. Not a single offer in six months total on the market.
It’s in a very quickly growing area, only 9 years old and appears to be in great shape. Buuuut, it’s in a historic district and I think a lot of folks moving to the area are looking for something older with more character.
So anyway – after six months of no offers, what would you consider a good one? We’re not trying to ruin anyone’s day, but we’re also very financially conservative and not willing to spend more than 25% of net income on housing.
ETA: taxes on this property are insanely high even for the area; $7k a year. I do wonder if that’s scaring potential buyers as well?
Posted by leklem
3 Comments
Based on 6 months with zero offers they’re probably getting desperate. I’d start around $550k and see what happens – worst they can say is no and counter. The fact they keep dropping the price shows they’re motivated, might as well test how motivated
What you can *afford* doesn’t really indicate what the home is worth. What you offer and they accept, does.
What are comps in the area selling for?
If you actually want to negotiate (not offend them into just not responding with a $550k offer) I’d come in where your agent suggested.
Remember that you hired a pro so take the advice of the pro you hired! $609k would be a **great** starting offer imo that will actually get entertained & there will be room for negotiations during inspection. Maybe you can land at $619k.
$7k on a $600k house is hardly insanely high for taxes. How do you know it’s had no offers? How long have current owners been there? What did they pay for the house? What do the comps say? Are you paying cash or financing? There are a million things I’d need to try and figure out if I was your agent before I could guess what to offer.