 We are in the process of looking for a house to buy. We have found? |
| 2 homes we really like. My question is, what would you do. The 1st home is in one of teh best areas in town but really ugly and the 2nd home is in a moderatly good area but very pretty. How do you ... |
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 Is it discrimination ....? |
| Is this discrimination???? I know someone who recently became a landlord, but refuses to rent to friends or relatives even though they have excellent credit and previous rental references. (never ... |
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 Is this house payment a good one? |
| We are under a contract for a house we just bought... well almost, our settlement date is the 26th of September. We are getting all the inspections done. We bought the house for $78,000 with $4,000 ... |
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 UK landlord question?? |
Our landlord has "served notice". He wants us evicted.
The letting agent came round to do a three month house inspetion. She said there was no problem with condition of house. L... |
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 What is negotiable after a sale price has been agreed upon? |
| Both parties have agreed to the inital sale price. A home inspection has occurred. The buyer is now asking for an additional reduction in the price.... |
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 How much do you pay for rent? |
| what type of establishment is it (apt, condo, house, etc) & in what town? Do you think it's a deal or a rip off? Just curious! I live in a 1-bedroom apt in milwaukee-area wisconsin & ... |
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 What would you do if you were a landlord and you found out one of your tenants was...? |
...sticking her rent checks between her buttocks before handing them in to you?
Is this a form of sexual harassment?... |
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 Apartment rentals: Expensiveness of Housings? |
| I don't like the fact that all the apartments and houses cost very much for minimum wage people. Can you ask a house builder to build a hut or shack so that you can actually afford it? As long ... |
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 Whats an acceptable comission to pay a realestate agent? |
Hi,
I am negotiating the commission that the agent receives when he sells my house. He is asking for 3% but Im sure I can negotiate a better deal than this. To anyone that has sold their ... |
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 How can I bring up the value in my home? |
| I've owned my home for about 4 yrs and bought it with a new furnace/central air and new roof. I have since replaced all the windows, redone my kitchen, painted, added on a deck and put in new ... |
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 Where is the cheapest place to live in the US? |
| I am trying to move on the east coast. Does anyone know? I am trying to get an apartment.... |
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 Is it legal to live in my basement and rent out the house? |
Hi,
I am a single person with a five bedroom house with a partialy finished basement. I was thinking of completing the basement, putting in a bathroom and kitchen. I would then live there and ... |
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 Why would an insurance company tell a client thay had to paint their house and ... Read details please? |
| My BF just bought house. It does need TLC but is basically a good house. He insured it right after he bought it & everything was fine. That was about 4 months ago. Now his insurance company is ... |
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| Is my friend financially "fit" or ready for an apartment, or is he at high risk for eviction? |
| Wow I thought I had it bad, with A$$HOLES like Rob W telling me that I'm "not financially capable" of buying a house...well I have a friend who is being told by people that he is "... |
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 Anybody can suggest me how to talk to the landlord? |
| I found the place that i like but the person who manage the place looks like he does't want to lease the space to me. Because he told me last few month that the place is under negotiating. But ... |
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| How do I keep the purchase price of my house out of public records? |
| I close on a house purchase in about 2 weeks and want to keep the purchase price out of the county records. I know that there is a way to prevent the county from publishing this information in public ... |
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Brendan | Should we make our initial offer over the asking price? |
My wife and I are going to make an offer on a bank owned (foreclosure) home. It is a nice 3 bedroom ranch with a full partially-finished basement, hardwood floors, pool, etc. It's in a neighborhood that usually sells around 130k. My wife LOVES the house and does not want to lose it. We've been working closely with the realtor who is selling the home and they're going to let us make an offer before it officially goes on the market. We were told the asking price will be 89k; which is unbelievable! She (the realtor) said others have already tried contacting them about the home and there could be multiple offers. She suggested we make an offer 3 - 4k over the asking price. My wife wants to offer 93k, I'm thinking 91k, but everyone is telling me not to offer more than the 89k. Any advice? |
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Real Estate Guy
|
In the long run, an extra 1-3,000 really doesn't matter. If this is the house you want, then put in the price that you feel will get it.
Even at 100k, it's still under valued.
Don't play games. |
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David H
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The difference of $4000 over the price of a 30 year mortage is about $25 a month. Is that worth enraging your wife? Is that worth losing the house? You are getting a crazy-good deal and unless $25 a month is a deal breaker I'd just pay it and be happy.
Happy Wife = Happy Life |
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Pengy
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You can offer but the key will be will it appraise for that if not do you have the cash to make up the difference? |
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mghnmcknna
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If you are in love with it and lose it becasue you were trying to save a few grand you will never forgive yourself ... or be able to find something to compare to it after it's lost. It sounds like even offering over asking is less than market so I'd go with the $93,000 and a clean ( few if any contingency ) contract, do have a contingency for appraisal being at least sale price (to protect yourselves) but listen to your Realtor and take note of nonverbal cues when you are discussing your offer, there may be things she can't tell you as a dual agent but body language will tell you if she thinks you are doing the right thing. Also , don't hesitate. If it's this good of a deal you don't want to be the 3rd offer on the table. Too many people get wrapped up in trying to get the best deal and will miss out on the best property, you will regain your value if your area is stable and even if it dosen't appriciate right away .. you will be happy in your home for the long run.
Banks are weird to deal with on foreclosures too so be sure to structure an offer the way they want it, you can't play the same games with them you might get away with when dealing with a human. |
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Jocelyn W
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I'm thinking you offer asking at 89k, but add an escalation clause that allows you go up incrementally up to a certain point. For example, if you go in at 89 and are willing to pay up to 93k, then you would say your offer is 89 with an escalation clause that allows your cost to go up say $1,000 over the next highest offer up until 93k. That way if you offer 89 and someone comes in at 92, your offer automatically jumps to 93 trumping their offer. If they come in over 93, then they would win. I hope I described that well, if not, ask your agent they should know all about them. |
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Alterfemego
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Best advise, may it as clean an offer as you can. No contingencies, be flexible on closing date, provide larger earnest money check, maybe versus more than asking price. It shows commitment to purchase this home. I would go for it! A happy home is one the wife loves first! LOL Best of luck |
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What is the answer
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Going on the market for 89k and is worth about 130k. I assume there will be no warranty with the house. If you are able to inspect the home or have a license contractor inspect it, would be a wise decision. To protect your investment. A 1k to2 k over the asking price would be a fare offer. Good luck |
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put on your poker face
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congratulations on searching for a new home! like the other person said, a couple grand will not make a difference in your mortgage at all. i think its like for every $1000, is only $7 more dollars a month to your mortgage, or something along those lines..that may not be completely accurate but close. if i were you, i would definitely offer the $93,000. it sounds like a really nice house, so even if you pay $110,000..thats still a REALLY good deal for that house. I would definitely go for it if you are really interested in it. Good luck!! :) |
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?
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Over?
offer them the least amount they'll take
Then send me 10% of the money you save for the advice
click avatar then e-mail me
If they had multiples it would already be sold she's trying to up her fee.
GO TO ZILLOW.COM TO SEE THE TRUE ESTIMATED VALUE OF THE HOUSE |
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