 Asking price vs. Offer price? |
| How can a seller justify price their home $3000 more than the comprable home on sale nearby and the comprable has more bedrooms. If a home is worth the asking price, what is the standard price to ... |
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 If u cant afford to buy a house is the shared owner scheme a good way to start? |
| and how do i go about finding information on this do i have 2 go 2 ma local council?... |
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 What happens if I back out of purchasing a home I put a offer in on?? Im in Virginia!? |
| I put a bid in on a home, and when we did the home inspection there were a tremendous amount of problems. I was notified that 5 days after he was notified of the problems they were all fixed! In the ... |
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 How do I purchase a home without a buyer's agent? |
please tell me the steps in how to do this.
Additional Details
I've had a lawyer write up a purchase agreement. I want to know how to get the listing agent to take off half of his/... |
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 Do landlords have to provide central heating? |
| im renting a place, havent signed contract yet although ive handed money over, apparently we're under a verbal contract. Are landlords legally supposed to provide heating? thats central heating ... |
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 First time mortgage - chances of getting approved? no down payment? |
| ok so i have a few questions. my husband and i are looking into buying our own home, after ive been renting for 3 yrs, hes been renting for 2. we have an opportunity to buy a great house from a ... |
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 Are there ANY mortgage companies out there that will finance someone with at 475 beacon??? |
| I already have a mortgage on my home. I recently went through some bad money problems with a repo and my mortgage payment went 2 payments past due. I do NOT have the extra money to catch up these 2 ... |
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 My wife is driving me crazy! We are looking at houses in New Jersey and she says no to everything we look @ |
| Here is the thing. We are on a budget here in NJ. The housing is rediculously expensive here, and the taxes are too high. We are looking to only spend a max of 300K on a house, and we are looking ... |
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 Any creative ideas for selling a house? I know the market is tough, but I'm surprised it's THIS hard! |
Additional Details
This home is well maintained, in a good neighborhood and priced right - but getting no interest. Maybe someone out there knows something we don't know. Serious ... |
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 How do I get rent assistance? |
| Any ideas of places that will provide rent assistance? For example, vouchers, money, checks, and such. The Housing rent assistance, where they base your rent on 30% of your income takes forever to ... |
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 Have you ever flipped a house?? |
I am really thinking about flipping a house.
I was just wandering if anyone had any advise to give to me. Also where do you get the money to do all of the construction and buy all of the things ... |
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 I just signed a lease in November but I want to move. I don't want to affect my credit so what should I do? |
| I have had mice problems since I have moved in here last year. The complex would send out pest control who would set out traps but this wouldn't take care of the problems. Finally after I had ... |
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| Paying off my mortgage? |
| I came into some $ via an inheretence recently...and it is enough to pay off my 30 year mortgage at 8.1% completely.....I want to pay myself back this money monthly, and it would only take 15 years ... |
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 What happens to my good faith deposit if the seller doesn't respond to my offer and we opt out of buying? |
| We made an offer on a short sale house, it is in escrow and we put a good faith deposit down on it. The sellers lender hasn't responded to our offer. We are thinking of not waiting around. Do ... |
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 I was curious how a house value is based upon it's market value? (See below)? |
| My wife and I bought our first house in september of last year at that time we paid 174K the valation according to the State of Maryland was only 86K. State of Maryland values it's properties ... |
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 Who pays for the home warranty and the survey? The buyer or seller? |
Have yet to make first offer, just got approved @ 5.875% for 30 years. Any Advice Please!
Additional Details
Got approved through FHA... |
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 Any Good Real Estate Sites sites to list my home for FREE ? |
| Does anyone know of any Real Estate websites where we can list our home either free or inexpensively ?... |
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~Lauren~ | I offered $80,000 for an $89,000.00 house and they...? |
counter offered $82,500 and said as is. What does as is mean? And should I suggest they help pay closing cost or just take the offer? |
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Bozz Mozz
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Means there's something undesirable about it and you're about to find out. When you do, you accepted the house "as is" so you inherited the problem. Could be that there's a buttload of things that need to be fixed, or the paint is lead, or something like that. They're saying if they come down on the price they want something out of that.
If you make your offer contingent on a home inspection report (and you'd be insane not to) they can't hold you to the as-is if it's something that's revealed there. |
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kwflamingo
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It means they want $82.5 for the house and you are buying it as is - no credits - no escrow for future issues. |
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teran_realtor
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That means they don't want to BOTH lower their price AND spend money to fix things on the house.
"As Is" does not mean that there is anything wrong with the house. There may or may not be.
Foreclosures are sold "As Is" all the time. I live in one - there were NO issues with repainrs.
Do your contract with inspection contingency that you have the right to back out. |
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buddywilshire2003
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It means they are not fixing anything. So you could have all kinds of issues. I would just take the 89000.00. That way they are going to fix issues with the house. Thats just me |
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Kathryn
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"As is" means they will not fix anything found to be wrong with the house. I would not buy a house "as is." I think any offer you make should be contingent on a home inspection -- meaning you can walk away from the deal if an inspector finds something major wrong with the house.
You can counter anything you want, but if you do, the seller can decide to walk away. Any time you or the seller counters, it negates the previous offer. If you're working with a buyer's agent (and you should be so you'll have someone looking out for you), ask her for her advice regarding the negotiations. Good luck! |
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SmartA$$
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"As is" simply means you are buying the house exactly as it is. If there are any problems or needed upgrades, they are your responsibility. The owners will sell the house for $82,500 but they won't put any extra money toward repairs. If you were willing to pay the full price of $89,000 they might have been willing to use some of the extra money toward repairs or upgrades or set the money aside in an escrow account so you could use it to pay a contractor for repairs.
In today's market, there is plenty of room for you as the buyer to negotiate. Feel free to counter offer again and ask them to do some repairs if there are any that need to be done. |
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AllCourt
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"As-Is" only means they won't fix anything before settlement that turns up during inspection. It is not necessarily an issue. Banks do it all the time. I'm about to sell a home "As-Is", just because I want a speedy closing and don't have time to make fixes before I need to move on to another deal; I fully expect to account for that in either a reduction in the price, or cash to the buyer at closing.
You can accept the offer and include a contingency in your contract that says if the inspection is not satisfactory, you can walk away from the deal. The sellers probably won't have issue with that, but the inspection usually has to be completed within some definite period after signing the contract, like 10 days (although that is negotiable). |
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I Buy And Sell Houses
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As the others explained, "as is" means the sellers won't repair anything. It's "take it or leave it" regarding repairs.
However, that doesn't prohibit you from ordering a home inspection and making your offer (actually your counter offer) contingent on a satisfactory home inspection.
So there are a couple of questions.
The first is: How much is the house worth? Both in as-is condition and fixed-up. If it's only worth $75,000, you'd be overpaying. If it's worth $110,000, then it's a really good value (depending on needed repairs). So, without knowing the value, no one can say whether $82,500 is a good number or not. Ask your Realtor for a CMA of the property.
Second: How much will repairs cost? A home inspection (which should run around $300) will help pin that down. Some home inspectors are better than others, and if there's some question (let's say about the foundation), you might want to bring someone else in.
Regarding your counter, what does your Realtor suggest? I'd listen to him/her.
Judging from their counter, my gut reaction is that they're eager to sell. So, first determine the current and fixed-up value from your Realtor. Determine the repair costs if you buy in as-is condition. Those numbers will help bracket your offer.
And, sure, ask that they pay closing costs. It's all negotiable.
Hope that helps. |
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Ralph N
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wait a few weeks and price will go down, get an engineers report and say fix this or we move on. |
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Gertie
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As Is = they won't be responsible for anything if you should have problems with the house after purchasing. |
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