 Is it possible for a landlord to raise our rent? |
| I just recently recieved a notice on my door saying that our water is going to be shut off. I am renting this place by the way. I fear that our rent is too low for my landlord to pay the water bill. I... |
|
 What happens if the people you buy a house from arent moved out on the possesion date? |
| We bought a house in a small town 6 months ago. Our possession date is tomorrow. It doesn't look like the people we bought from are making much of an effort to move out. They have built a house ... |
|
 Would you trust an 18 year old real estate agent?? |
if not why?
my friend wants to be a real estate agent when he turns 18 and after two years he wants to be a broker. so he'll eventualy be a 21 year old broker.
would you ... |
|
 What would you do? |
| Long story short. We are trying to buy a home that we have decided we don't want anymore. Although we can afford this home we have decided that we didn't want to take on that much debt. R... |
|
 19yrs old, in college, is there any way I can buy a house? |
| If I work full time, do you think i could possibly get a loan to buy a forclosed house or something?? is there a way I could buy it with a friend?? T... |
|
 Buying a first home with really bad credit...? |
| We live in oklahoma, and our credit is absolutly shot from my husband getting out of the military. We had our cars repossessed, defaulted on everything, because my husband had a hard time finding a ... |
|
 Even though the minimum wage is going up next year, can my landlord raise the rent as well? |
| I'm on a 12 month lease and it says the monthly amount, however, I signed the paperwork. I'm thinking it's like a contract so there'll be no change to the amount of rent. She can&#... |
|
 My neighbor is selling his home for an extremely low price do I have recourse? |
| My neighbor and I both bought our home about 4 years ago. Both of our homes are fairly identical they are the same size both built in 1949 the only major difference is they have a porch and I have a ... |
|
 Having trouble getting deposit back for rented property? |
| My friend is moving out of rented property as the landlord has sold the property. She has had to find another property to move into, but has now been told that she won't get her deposit back for ... |
|
 Is the realestate market dropping? I want to buy a home, should I wait? |
| Where can I find motivated sellers, not sellers who are just testing the waters to see what they can get for their home. I want to find a Good Deal! Maybe a homeowner who is in process of foreclosure ... |
|
|  |
Keryne | Is this reasonable? I have a counter offer on a property, I want to purchase.? |
The listed price is $249,900, and the MRIS remarks section describes the sellers as motivated. My offer was: Purchase for $245,000 with $8500 closing cost assistance. The owner's counter offer is: Purchase for $254,000 with $8500 closing cost assistance. Some of the comparables on this street have sold in similar circumstances in March and April 2007. My counter offer is: Purchase for $249,900 with $6500 closing cost assistance. Any opinions from realtors or experienced buyers?
Additional Details
Thanks for the responses. Yes, I do have a realtor and a loan preapproval from a major financer for $250K. I do not want to go back and redo that process, to add $4K (it is silly). The responses are mirroring a lot of the thoughts I am having. I am meeting with my realtor later today. Again, Thanks! |
 |
 
Gwynn T
|
It sounds like this "motivated sellers" idea is my way or the highway. Give them your final offer and write "firm and final."
1. They may not want to budge because they are selling for what they owe, and they don't want to walk away owing money, or they are just greedy.
2. When making the offer, present 2 or 3 other houses that are simular but listing for lower prices and remind them that you don't have to buy THIER house.
3. Take the two offers and offer the middle.
4. If you don't have a buyers agent GET ONE! They are not playing around!
you are aloowed to get between 3-6% sellers consession for the deal to go twords colsing costs and escrow. That means $7500 minimum.
Do you have a motrgage consultant and are you pre-approved for this loan amount? If you do then they should advise you on the offer and work with the real estate agent on finalising everything. If you have a loan officer, they will just do as they are told and write the loan.
Without a pre approval in your hand, the seller will not take you seriously and will keep you running in circles until a pre approved buyer comes along and then you are out of the pitcure. |
|
Strategic Sourcing Expert
 |
If the seller is truely motivated, then they should accept your offer. A motivated seller should be willing to accept asking price, or below, that is the definition of a motivated seller. I would say stand firm and see what happens. |
|
coolbeanie27
|
You have listed their counter off the same as your original offer. Perhaps you meant another value. If you are going to pay 249,000 for it ....then ask for 8500 closing assistance. If you are paying 245,000 ask for 6,500. |
|
Landlord
|
Your first offer was a really good one. Your counter is to pay full asking price?
Personally I would have walked when offer #1 was refused, as it was an acceptional offer.
They are not motivated at all if they upped the asking price because you are interested.
In the present market this is only a good deal for you if the house will appraise over 300k.
I would shop some more, there are lots of houses for sale, and PLENTY of truly motivated sellers. This is not one of them, |
|
Honeyluv
|
Keryne, I agree with Omaha. (Kudos Omaha). This is now a buyers market. You have the upper hand. How long has this property been on the market?
Congratulations on your home purchase! |
|
Steve P
 |
You have all the figures in front of you. Run your numbers and their numbers with an eye towards their net. Don't forget to include commissions, title insurance and the like which will come from sellers proceeds. Once you see their net, you'll get a feel for what they want/need.
Are you using a Realtor to buy this house? If not, you're really on your own. |
|
DeltaForce
 |
You're not that far apart. I'd guess you are able to hammer this one out. I'd stick to your guns on this counter offer. Its reasonable. |
|
wizjp
 |
I'm betting 251 + 6500 are the magic numbers; but try 249/6500 and see. |
|
burning brightly
|
Stick with your first offer but dont let them think you could change it your best move to sit and wait.~~ |
|
Alterfemego
|
Are you looking for a DEAL or a home? |
|
dslandau
 |
It sounds as if yours isn't the only offer since their counter offer was above the asking price for the property. This indicates to me they're trying to get you into a bidding war with another buyer who may have already offered full price but more at closing. You need to evaluate how badly you want the property.
How long has it been on the market? |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 27 minutes(s) ago
| | | |
11 | 34 minutes(s) ago
| | | |
11 | 36 minutes(s) ago
| | | |
7 | 48 minutes(s) ago
| | | |
11 | 55 minutes(s) ago
| | | |
11 | 3 hour(s) ago
| | | |
11 | 5 hour(s) ago
| | | |
11 | 8 hour(s) ago
| | | |
11 | 11 hour(s) ago
| | | |
11 | 1 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
