I have a 1 br condo that has been on the market for $169,900 in Southern California. It's vacant and very clean.
I received an offer for $177,000 but the buyer wants me to pay a total of $12,000 in closing costs. 8.25% This price does not include the commision.
The most recent sales (of the same size unit as mine) in the same complex were earlier this year at $173,000 and $177,000. There hasn't been a sale in the complex since May.
So, since the buyer is hiring the appraiser, they may be can get the condo appraise for $177,000 which is what they want to do and have me pay the $12,000. But the price of the condo would go down to $165,000. According to my agent, my final net worth will be $151,000.
I am worried about doing this because it doesn't even sound fair. If they want to pay $177,000 is it going to show everywhere that was the price my condo sold for? I am also wondering about the commisions I need to pay, they might be a percentage of that price.and my taxes too
2007-08-28
15:15:11
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6 answers
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asked by
Jamie *
1