I'm trying to get a sense of what I can offer sellers. We're new buyers, so we can close quickly, but we are tightly limited to $120k, anything over starts eating our closing/downpayment fund. There are a number of homes we'd like to put in an offer on, that run 125,000 to 140000. Any suggestions? Is it unrealistic to talk to a $140k seller with our limit? Or is it worth pushing our luck? We're in eastern North Carolina.
2007-11-05 05:47:48 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I recommend taking 10 % off. I just bought a new house and that is what I did. I had read somewhere online that it was "customary" to take 5 % off. If they haven't had any offers, they may even go for 15% off. But I think that would be pushing it.
But it really depends on the appraised value, and what those folks paid for it. Go to their county auditors website and look it up and get all the info you can on it.
I like for a house to be completely empty when I go to buy it, that way I know what I'm getting. I don't like it to be "staged" I could care less about that. In my house purchase, the seller said "all appliances stay" when I got there, no appliances were left. So I told the realtor "I have to put 4000 $ in appliances in here". So that was more leverage. Look for leverage :)
Hahaha, I can see these other two people that posted above me are real estate agents. Do not believe anything a real estate agent tells you unless its in writing. 6000 $ over list, what a scam, go to the county auditors website and look up the prices yourself that people paid for in the area, you don't need a real estate agent to do that. Anything the real estate agent tells you, GET IT IN WRITING.
2007-11-05 05:55:50 · answer #1 · answered by WhereTheBuffaloRoam 5 · 0⤊ 1⤋
When buying look for a honest buyers agent. Make sure that you know what you need,make a list of it (2-3 bedrooms, 1 car garage, etc.). Get out there and look at the properties on the market. I work with 1st time buyers in the San Fransisco Bay area, we tend to look in the mid range of price so that you still have a bit of breathing room for closing costs. Ask about any first time buyer loan programs available in NC.
2007-11-05 06:02:05 · answer #2 · answered by Tracey M 1 · 0⤊ 0⤋
Engage the services of a qualified buyer representative real estate agent. Do not assume that all properties are overpriced, or that NONE are overpriced. Each property stands on its own, and a buyer representative will furnish you with evidence of recent comparable sales of properties so that you can gauge what the property might be worth. Use that to guide the level of your offer.
As an example, I recently assisted a client with a home purchase for a property similar in price to what you describe. The home eventually sold for $6,000 MORE than the asking price. It was a very good value at asking price, and was still a good value at $6,000 over list.
2007-11-05 05:55:12 · answer #3 · answered by acermill 7 · 0⤊ 1⤋
from time to time in case you furnish something that seems appealing like a clean plasma television, or a $1000 homestead Depot Card , superb purchase or Costco Card, it performs on peoples thoughts greater suitable than the value help of the quite homestead. I quite have additionally heard of sellers paying buydown factors on customer's loans to help them shield a greater advantageous intrest value. So on a $200K very own loan paying 2.5 factors (approx. $5000) to get them .5 decrease and getting them a decrease value may be the set off. it quite relies upon on what the motivating factor is for that customer.
2016-10-03 09:59:25 · answer #4 · answered by ? 4 · 0⤊ 0⤋
What's the market like there? If homes are not moving, then the seller will likely love your offer. It really depends. Do some research, get a REALTOR. Good luck!
2007-11-05 07:04:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Find a buyer’s agent in your area. They’ll help you find the right house for your and advise you on what to offer.
2007-11-05 05:54:20 · answer #6 · answered by Anonymous · 0⤊ 0⤋