Making a low ball offer. How low is too low?

So I fell in love with a house. I looked at it today and it’s everything I really want. But I believe it’s very overpriced. It was listed at $389K and has been on the market for 250+ days. It was built in 1760 and I’m very into historical preservation. Obviously the home needs a little work, however the current owners put a new roof, septic and HVAC system in And there aren’t really any homes nearby (in a rural area) to compare the price with. The home was tax assessed at $246K in 2021. I was considering starting at $265K which is above assessed value, but considering the repairs, area, and time on market, I don’t think this is crazy. What do you suggest?

submitted by /u/SirRustyShakleford
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So I fell in love with a house. I looked at it today and it’s everything I really want. But I believe it’s very overpriced. It was listed at $389K and has been on the market for 250+ days. It was built in 1760 and I’m very into historical preservation. Obviously the home needs a little work, however the current owners put a new roof, septic and HVAC system in And there aren’t really any homes nearby (in a rural area) to compare the price with. The home was tax assessed at $246K in 2021. I was considering starting at $265K which is above assessed value, but considering the repairs, area, and time on market, I don’t think this is crazy. What do you suggest? submitted by /u/SirRustyShakleford [link] [comments]

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