Location: California
There's a 1990's 3bdr.85acre house for sale for $630,000, and all the houses in that neighborhood are estimated on Zillow at around $550,000-620,000s but they're older, and vary in rooms and lot size. There hasn't been any recently sold homes in that neighborhood so I can't really compare it to recent prices, only the estimates provided by zillow.
It's in good condition from what I can see, I just don't want to get ripped off. My realtor says its good for the price but idk if he just wants the money, it's hard to tell, but he seems nice.
It has barely been put for sale but isn't in the public market yet, so I don't know if I should either:
1. Make an offer for the full price AND agree to pay all the closing costs myself (they refused to pay the costs) before it hits the public market and others have a chance to make offers (in case it truly is at a good price)
or
2. Wait to see if others don't make offers and maybe they will lower the price a bit or agree to help with closing costs if they get desperate to sell it, but also risk not getting the home if others start making offers for more than what it's listed for to win it.
extra info: The house has already been paid for, so the current owner is not paying mortgage, but he's really old so his family took over and they are selling the house so he can go live at a retirement home. When we made the offer for the full price but asking they pay closing costs, we were sure they would agree but they didn't
Read more: How to know if the price on this home is fair?
