House
buying a house
offer on house
2006-07-05 08:26:10 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You need to consider what the market is like in your area and how badly you want the house. In my area there is limited inventory on the market, listing times are running well under 30 days in all but the most expensive price ranges, and most buyers have to expect to compete with other offers. Here, I'd offer full price subject to the repairs being made prior (and still you'd run the risk of losing it to a full-price non-contingent offer.) However, if there's loads on houses on the market and/or listing times are on the longer side, you have more room to negotiate. This is where working with an agent comes in handy because they have a good idea of what the market is like locally at any given time.
2006-07-05 09:12:08 · answer #1 · answered by mockingbird 7 · 1⤊ 0⤋
You can make an offer contingent upon the seller making the necessary repairs prior to closing or get estimates for the repairs and deduct the amounts from the selling price as your offer. It is up to the seller to either accept or reject the offer. Remember, these are both potential major expenses. If the seller is unwilling to negotiate, then it is up to you whether or not it is worth your paying for the additional cost for repairs. Also, the condition of the roof may impact insurance coverage and cost.
2006-07-05 08:49:14 · answer #2 · answered by Oddjob 3 · 0⤊ 0⤋
Of course, there are other homes out there. I can offer you this advice though....
Talk to your Realtor. They will be better equipped to give you the answer to your question in the market that you are in. If you do not have a Realtor, my advice is to get one. Please don't try to do this on your own. You will merely pay too much and you will not have the professional representation that you would get with a Realtor.
To be sure that you have buying power, you are going to need a PRE-APPROVAL LETTER. If you want any power in this deal at all, you are going to need to show this letter as soon as possible. If not........bye, bye...................
Since many companies offer pre-approvals with a fee attached, I offer them for free. If you would like to talk to me more about this option, I would be more than happy to assist you. You can contact me at timothy.kazee@americanhm .com. At that point we can talk and see what you qualify for.
I also offer a no obligation service to search your local MLS without the hassle of talking to any sales people. Again...if you would like more information on this, just contact me.
Good luck in your experience!!!
2006-07-05 16:23:51 · answer #3 · answered by Kaz 3 · 0⤊ 0⤋
Need a good Realtor?
If In Alabama - e-mail me
If not in Alabama - I can still recommend an experienced Realtor from your area that will give you OUTSTANDING service! I work with a network of Realtors across North America.
http://www.pauld-kw.com
http://www.bhammls.com/dziedzic
2006-07-05 13:02:12 · answer #4 · answered by Paul D 2 · 0⤊ 0⤋
185,000. They will counter, of course, if you can get it for 195 I think you are doing ok.
2006-07-05 08:32:38 · answer #5 · answered by grblondandblue 2 · 0⤊ 0⤋
ask your realtor, and if you don't have a realtor, get one!!!!!
2006-07-05 09:29:39 · answer #6 · answered by thetoothfairyiscreepy 4 · 0⤊ 0⤋