ONE House in Neighborhood Where We Really Want to Live (Wootton School Cluster) -How Much To Offer?

Anonymous
We have been trying to find a house within our price range in a specific neighborhood (Westleigh) for about a year but not much has come up so we stopped looking for awhile. We finally started looking again last week and have now found the perfect house. The neighborhood works well for our family - it is very walkable; has a great recreation center with swimming and an active tennis program; no low income housing in the area and it is in a school cluster that we really like - Wootton. Here is the link to the listing below:

http://www.homevisit.com/mlsTour/?id=56307

We really like the house but we are not sure what to offer, given that there are not many comparative sales for guidance. Also, given that there is an open house this weekend are we are in a stronger position if we put in an offer BEFORE the open house or wait until after the open house (hoping that they don't get any other offers) and are more inclined to take ours? Yes, I am working with an agent but she is a relative , a whole other story - it would be too sticky to get out of her representing us without World War III in our family.
Anonymous
Anonymous wrote:We have been trying to find a house within our price range in a specific neighborhood (Westleigh) for about a year but not much has come up so we stopped looking for awhile. We finally started looking again last week and have now found the perfect house. The neighborhood works well for our family - it is very walkable; has a great recreation center with swimming and an active tennis program; no low income housing in the area and it is in a school cluster that we really like - Wootton. Here is the link to the listing below:

http://www.homevisit.com/mlsTour/?id=56307

We really like the house but we are not sure what to offer, given that there are not many comparative sales for guidance. Also, given that there is an open house this weekend are we are in a stronger position if we put in an offer BEFORE the open house or wait until after the open house (hoping that they don't get any other offers) and are more inclined to take ours? Yes, I am working with an agent but she is a relative , a whole other story - it would be too sticky to get out of her representing us without World War III in our family.


Thank goodness there is no low-income housing in the area. Poor people are scary and dangerous. You'll be nice and isolated on Joshua Tree Place.

Anonymous
This is OP. I did NOT in any way mean that I have something against low income people but I work in law enforcement as an attorney and am not blind to the fact that crime is higher and schools do not perform as well when the low income population is large. It is a fact - not my opinion. I have children and want the best for them. I did not mean to offend anyone but w/ 15 years in my field, I think I am qualified to make this statement.
Anonymous
I would recommend going in @ 10k BELOW asking but do it now before the open house b/c you may have competition after this weekend. Since only one house in the neighborhood is available, that is a good sign about the neighborhood but low inventory means more competition. What you don't want to do is put in an offer and have them sit on it all weekend and possibly use your offer to get other offers.

Too bad you can't fire your agent - I have also made the awful mistake of working with family.
Anonymous
It looks to have been on the market for a month already so I assume this must be most likely their second open house. That should come in to play I reckon.
Anonymous
If you really want the place, why don't you offer asking.
Anonymous
If you really want the place, why don't you offer asking.


This. If you've looked for a year and it's the perfect house in the only tiny neighborhood you're interested in, offer asking but make sure you have an appraisal contingency (as well as inspection and financing.)

Is it worth $5,000-$10,000, mortgaged over 30 years, to you to miss this house and wait another year before finding another one you like? That's like 60 bucks per month over the life of the loan.
Anonymous
North Potomac = a fancy name for Gaithersburg. This home may not be fitting for you.
Anonymous
I would offer asking as well...all fixed up and move in ready!
Anonymous
19:08, why would you make such a disparaging remark? Is living in Gaithersburg anathema that the home is not fitting for the OP (even though she said she found it a perfect homeand in Wootton cluster)? Sorry, I don't mean to sound snarky but I'm genuinely curious to know what's wrong with North Potomac? I've been looking at a few homes in that area and they look lovely to me.
Anonymous
Offer asking now and be done with it.
Anonymous
Anonymous wrote:19:08, why would you make such a disparaging remark? Is living in Gaithersburg anathema that the home is not fitting for the OP (even though she said she found it a perfect homeand in Wootton cluster)? Sorry, I don't mean to sound snarky but I'm genuinely curious to know what's wrong with North Potomac? I've been looking at a few homes in that area and they look lovely to me.


Absolutely nothing is wrong with Gaithersburg and there are some really nice homes/people there. The City of Gaithersburg has some great services. It was the concerns for no low income housing (which isn't true as you can use a section 8 voucher anywhere and it just has no public housing) and all those comments.
Anonymous
Huh. We've been looking too. Hadn't really considered this area before but it's not too far off from other neighborhoods we've been considering. Perhaps we'll consider making an offer, too.
Anonymous
Anonymous wrote:Huh. We've been looking too. Hadn't really considered this area before but it's not too far off from other neighborhoods we've been considering. Perhaps we'll consider making an offer, too.


I am sure OP is thrilled you are making an offer on this house. Geez people don't poach houses!
Anonymous
Ugghhh gaitherburg fake.potomac, very far bad value. T he real price should be 485, offer 470. There was a recent article in wapo indicating Maryland house values are still dropping due to more high taxes and bad foreclosure laws

http://www.zillow.com/homedetails/11221-Joshua-Tree-Pl-North-Potomac-MD-20878/37153442_zpid/
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