So I've applied for what is going on a third mortgage loan to compare interest rates and terms and hopefully, get the best mortgage. Does anyone have any advise as to how to make an offer on a condo? It's listed for X amount. It's very cheap, which is what I'm looking for because I'm obviously not rich. A couple of real estate agents were not very responsive to me when looking at the lower priced condos, 50k-80k for a one bedroom. One told me flat-out to wait until I save enough money for something better to have more to choose from. I told him I wanted to keep my monthly budget tight and he warned me about unexpected hoa fees, assessments, unexpected property tax hikes and utilities to deter me from buying. Another real estate agent told me that one of the properties I was interested in is "way far" from everything, even though it's like a 15-20 minute commute to the center and a lot of the old people live there because it's quiet and suburban.
Anyhow, I finally found a real estate agent who just wants to sell, and is pretty persistent. Do I try and make an offer of 5%, 10% or 15% less than the price? It's been listed on market for 48 days, so not that long. It's a small condo in a very nice neighborhood, but the complex itself is obviously low-income from my visit the other day and seeing some of the other residents up and about.
Anyone have any suggestions as to the contingencies I should include in my offer? And how much should I offer without seeming like a joke and losing the deal? Also, I notice that the property taxes are very low on this property, even though some of the condos I looked at in the worst neighborhoods, are much higher. Anyone have idea as to why?
Also what is up with the other real estate agents who are flat-out discouraging and trying to steer me away from the properties in my price range?



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